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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 Andover at 6490 Willow Way, Andover, OH, 44003 earns $82/mo cash flow from $1,200/mo rent with a $832/mo payment. Total monthly income totals $1,200/mo, and annual cash flow totals $984/yr on $56,322 capital. ROI tracks 21.66% on current figures, and rental yield reads 8.48% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 112.69% and total cumulative return in cash sums $63,470. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,200/mo property income instead of your personal income.
Single Family
Built in 1963
0.46 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44003, Andover, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,881 (100%) |
| Owner Occupied HU | 1,403 (48.7%) |
| Renter Occupied HU | 343 (11.9%) |
| Vacant Housing Units | 1,135 (39.4%) |
| Median Home Value | $184,439 |
| Average Home Value | $198,346 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,436
Multi-Family
0
Businesses
132
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1963
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached, Garage
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 0.46 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Marlene Collins • Assured Real Estate
Mls Name: MLS Now
Mls ID: #5169955