104 E North Second StFindlayIL62534
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Findlay at 104 E North Second St, Findlay, IL, 62534 offers $2,073/mo rent that, after a $1,419/mo payment, leaves $62/mo cash flow. Total monthly income is $2,073/mo, and annual cash flow is $745/yr on $96,102 cash. Return on cash invested measures 20.68% in year one, and rental yield stands at 8.58% at a $289,900 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,094 by year five. Five-year ROI records 108.03% and total cumulative return in cash reaches $103,821. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,073/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62534, Findlay, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 557 (100%) |
| Owner Occupied HU | 390 (70.0%) |
| Renter Occupied HU | 92 (16.5%) |
| Vacant Housing Units | 75 (13.5%) |
| Median Home Value | $143,478 |
| Average Home Value | $198,179 |
Housing Distribution
Address Breakdown
Residential
348
Single Family
348
Multi-Family
0
Businesses
38
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