1040 W Broadway StWellstonOH45692
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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 Wellston at 1040 W Broadway St, Wellston, OH, 45692 uses $99,284 cash to close to unlock $2,566/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $2,184/mo, and a $1,466/mo payment keeps the spread at $214/mo. Purchase price stands at $299,500, and rental yield measures 8.75% with $2,184/mo rent. Return on cash invested shows 22.49% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 117.2% and total cumulative return in cash records $116,363. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,184/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45692, Wellston, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,798 (100%) |
| Owner Occupied HU | 2,386 (62.8%) |
| Renter Occupied HU | 1,024 (27.0%) |
| Vacant Housing Units | 388 (10.2%) |
| Median Home Value | $138,780 |
| Average Home Value | $170,357 |
Housing Distribution
Address Breakdown
Residential
3,679
Single Family
3,533
Multi-Family
146
Businesses
206
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