8389 S High StMineral CityOH44656
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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
Investment property for sale in Mineral City at 8389 S High St, Mineral City, OH, 44656 uses $48,068 cash to close to unlock $1,151/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $1,050/mo, and a $710/mo payment keeps the spread at $96/mo. Purchase price stands at $145,000, and rental yield measures 8.69% with $1,050/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 116.2% and total cumulative return in cash records $55,856. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,050/mo property income covering a $710/mo payment rather than investor’s personal income.
Multi Family
Built in 1880
5,000 sqft 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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Nearby investment properties with comparable prices
Listed by: Laci Quillin • Willis Group Realty LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5080091
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