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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mount Vernon at 8394 Columbus Rd, Mount Vernon, OH, 43050 priced at $469,900 converts $1,284/mo rent into after a $2,300/mo obligation. Total monthly income equals $1,284/mo. Return on cash invested prints 5.99% in year one, and rental yield reads 3.28% against a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation compiles into $129,825 by year five. Five-year ROI reaches 28.69% and total cumulative return in cash sums $44,690. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,284/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1978
5.93 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
Date | Event | Price |
|---|---|---|
| 2025-04-07 | Listed for sale | $469,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-08 | $3476.52 | 22.18% | $94,920 | 33.99% |
| 2022-04-08 | $2845.50 | -0.16% | $70,840 | N/A |
| 2021-04-08 | $2850.10 | 2.48% | $70,840 | N/A |
Listed by: Judith A Green • RE/MAX 360
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225011014
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
