840 Hanover StMartins FerryOH43935
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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 Martins Ferry at 840 Hanover St, Martins Ferry, OH, 43935 offers a 10.66% rental yield on a $137,900 purchase with $1,225/mo rent. Total monthly income registers $1,225/mo, and a $675/mo payment leaves $318/mo available for distribution. Annual cash flow reaches $3,814/yr on $45,714 to close, and return on cash invested stands at 28.25% in year one. Equity gained on principal adds $890/yr while 5% annual appreciation supports $38,099 over five years. Portfolio math shows five-year ROI at 148.1% and total cumulative return in cash at $67,703. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,225/mo property income against a $675/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43935, Martins Ferry, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,079 (100%) |
| Owner Occupied HU | 2,250 (55.2%) |
| Renter Occupied HU | 1,262 (30.9%) |
| Vacant Housing Units | 567 (13.9%) |
| Median Home Value | $102,682 |
| Average Home Value | $136,140 |
Housing Distribution
Address Breakdown
Residential
3,655
Single Family
3,334
Multi-Family
321
Businesses
262
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Listed by: Nicole Harrigan • EXP Realty, LLC.
Mls Name: MLS Now
Mls ID: #5176090