1074 Waterville Monclova Rd #14WatervilleOH43566
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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
Rental property for sale in Waterville at 1074 Waterville Monclova Rd #14, Waterville, OH, 43566 generates $2,290/mo in rent and, after a $1,566/mo payment, leaves $186/mo in cash flow. Total monthly income is $2,290/mo, and annual cash flow is $2,226/yr on $106,047 invested. Return on cash invested sits at 22.01% in year one, and rental yield is 8.59% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 114.62% and total cumulative return in cash sums $121,556. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,290/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A 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: Patty Henry • Key Realty LTD
Mls Name: NORIS
Mls ID: #6134322