108 Melcher BlvdBucyrusOH44820
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 Bucyrus at 108 Melcher Blvd, Bucyrus, OH, 44820 offers $1,458/mo rent that, after a $1,087/mo payment. Total monthly income is $1,458/mo. Return on cash invested measures 19.86% in year one, and rental yield stands at 7.88% at a $222,000 entry. Equity gained on principal adds $1,433/yr while 5% annual appreciation compounds into $61,335 by year five. Five-year ROI records 103.17% and total cumulative return in cash reaches $75,927. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,458/mo property income versus a $1,087/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44820, Bucyrus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,083 (100%) |
| Owner Occupied HU | 4,990 (61.7%) |
| Renter Occupied HU | 2,370 (29.3%) |
| Vacant Housing Units | 723 ( 8.9%) |
| Median Home Value | $140,789 |
| Average Home Value | $173,775 |
Housing Distribution
Address Breakdown
Residential
7,672
Single Family
7,356
Multi-Family
316
Businesses
601
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