1016 Farmview DrWatervilleOH43566
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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 Waterville at 1016 Farmview Dr, Waterville, OH, 43566 listed at $390,000 pairs $2,930/mo rent with a $1,909/mo payment to leave $365/mo cash flow. Total monthly income runs $2,930/mo, and annual cash flow reaches $4,374/yr on $129,285 cash to close. Return on cash invested measures 23.29% in year one, and rental yield registers 9.02% at a $390,000 basis. Equity gained on principal adds $2,517/yr, and annual property appreciation at 5% supports $107,750 by year five. Five-year ROI tracks 121.51% and total cumulative return in cash totals $157,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,930/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43566, Waterville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,759 (72.1%) |
| Renter Occupied HU | 753 (19.7%) |
| Vacant Housing Units | 316 ( 8.3%) |
| Median Home Value | $300,678 |
| Average Home Value | $308,016 |
Housing Distribution
Address Breakdown
Residential
3,710
Single Family
3,419
Multi-Family
291
Businesses
245
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Listed by: Andrew Pollock • Serenity Realty LLC
Mls Name: NORIS
Mls ID: #6136579