116 Forrester DrSwantonOH43558
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 Swanton at 116 Forrester Dr, Swanton, OH, 43558 priced at $144,900 pairs $1,465/mo rent with $512/mo cash flow after a $709/mo payment. Total monthly income equals $1,465/mo, and annual cash flow comes to $6,145/yr on $48,034 invested. Return on cash invested is 32.7% in year one, and rental yield stands at 12.13% on a $144,900 basis. Equity gained on principal adds $935/yr, and 5% annual appreciation accumulates to $40,033 by year five. Five-year ROI measures 172.03% and total cumulative return in cash reaches $82,633. For financing, Ziffy Mortgage’s DSCR program evaluates $1,465/mo property income against a $709/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43558, Swanton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,483 (100%) |
| Owner Occupied HU | 4,431 (80.8%) |
| Renter Occupied HU | 780 (14.2%) |
| Vacant Housing Units | 272 ( 5.0%) |
| Median Home Value | $229,438 |
| Average Home Value | $255,116 |
Housing Distribution
Address Breakdown
Residential
5,418
Single Family
5,297
Multi-Family
121
Businesses
323
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Listed by: Zach Dilworth • Serenity Realty LLC
Mls Name: NORIS
Mls ID: #6120359
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. Information is deemed reliable but not guaranteed. 2024 NORIS. All rights reserved.