900 E Gambier StMount VernonOH43050
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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 Mount Vernon at 900 E Gambier St, Mount Vernon, OH, 43050 offers a 8.37% rental yield on a $300,000 purchase with $2,092/mo rent. Total monthly income registers $2,092/mo, and a $1,468/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,428/yr on $99,450 to close, and return on cash invested stands at 21.34% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 111.03% and total cumulative return in cash at $110,424. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,092/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Darcy D Henry • Carleton Realty, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225042249