Redwood Plan, Mitchell HighlandsPlain CityOH43064
Nearby investment properties with comparable rents
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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 Plain City at Redwood Plan, Mitchell Highlands, Plain City, OH, 43064 priced at $630,800 converts $5,006/mo rent into $857/mo cash flow after a $3,087/mo obligation. Total monthly income equals $5,006/mo, and annual cash flow totals $10,286/yr on $207,533 invested. Return on cash invested prints 25.02% in year one, and rental yield reads 9.52% against a $630,800 entry. Equity gained on principal adds $4,070/yr, while 5% annual appreciation compiles into $174,278 by year five. Five-year ROI reaches 130.73% and total cumulative return in cash sums $271,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,006/mo property income covering a $3,087/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43064, Plain City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,188 (100%) |
| Owner Occupied HU | 6,135 (74.9%) |
| Renter Occupied HU | 1,502 (18.3%) |
| Vacant Housing Units | 551 ( 6.7%) |
| Median Home Value | $425,227 |
| Average Home Value | $487,481 |
Housing Distribution
Address Breakdown
Residential
7,927
Single Family
7,784
Multi-Family
143
Businesses
600
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Listed by: N/A • Rockford Homes
Mls Name: Rockford Homes
Mls ID: #N/A