8248 Lappin Ln NEMineral CityOH44656
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Mineral City at 8248 Lappin Ln NE, Mineral City, OH, 44656 offers $1,050/mo rent that, after a $709/mo payment, leaves $97/mo cash flow. Total monthly income is $1,050/mo, and annual cash flow is $1,165/yr on $48,034 cash. Return on cash invested measures 22.33% in year one, and rental yield stands at 8.7% at a $144,900 entry. Equity gained on principal adds $935/yr while 5% annual appreciation compounds into $40,033 by year five. Five-year ROI records 116.47% and total cumulative return in cash reaches $55,945. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,050/mo property income versus a $709/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44656, Mineral City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,214 (100%) |
| Owner Occupied HU | 774 (63.8%) |
| Renter Occupied HU | 212 (17.5%) |
| Vacant Housing Units | 228 (18.8%) |
| Median Home Value | $226,214 |
| Average Home Value | $273,876 |
Housing Distribution
Address Breakdown
Residential
890
Single Family
890
Multi-Family
0
Businesses
44
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Listed by: Dawn C Leone • McInturf Realty
Mls Name: MLS Now
Mls ID: #5120678