103 Wayne StRockfordOH45882
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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 Rockford at 103 Wayne St, Rockford, OH, 45882 listed at $299,000 pairs $2,238/mo rent with a $1,463/mo payment to leave $272/mo cash flow. Total monthly income runs $2,238/mo, and annual cash flow reaches $3,260/yr on $99,119 cash to close. Return on cash invested measures 23.2% in year one, and rental yield registers 8.98% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 120.98% and total cumulative return in cash totals $119,914. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,238/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45882, Rockford, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,192 (100%) |
| Owner Occupied HU | 939 (78.8%) |
| Renter Occupied HU | 183 (15.4%) |
| Vacant Housing Units | 70 ( 5.9%) |
| Median Home Value | $170,711 |
| Average Home Value | $203,206 |
Housing Distribution
Address Breakdown
Residential
1,111
Single Family
1,090
Multi-Family
21
Businesses
68
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Listed by: Joshua Johnson • Gray Realty, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1033505
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.