9316 Lakewood Dr NEMineral 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 9316 Lakewood Dr NE, Mineral City, OH, 44656 offers a 5.04% rental yield on a $250,000 purchase with $1,050/mo rent. 3% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 57.22% and total cumulative return in cash at $47,422. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,050/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.30 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: Eric Haines • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls ID: #5177610