9835 Congress RdWest SalemOH44287
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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
Rental property for sale in West Salem at 9835 Congress Rd, West Salem, OH, 44287 generates $1,079/mo in rent, after a $1,297/mo payment. Total monthly income is $1,079/mo. Return on cash invested sits at 10.84% in year one, and rental yield is 4.89% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 54.75% and total cumulative return in cash sums $48,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,079/mo property income rather than buyer’s personal income.
Manufactured
Built in 1993
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44287, West Salem, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,201 (100%) |
| Owner Occupied HU | 2,547 (79.6%) |
| Renter Occupied HU | 404 (12.6%) |
| Vacant Housing Units | 250 ( 7.8%) |
| Median Home Value | $216,776 |
| Average Home Value | $286,347 |
Housing Distribution
Address Breakdown
Residential
2,879
Single Family
2,289
Multi-Family
590
Businesses
109
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Listed by: D. Michael Bomboris • RE/MAX Showcase
Mls Name: MLS Now
Mls ID: #5161794