117 Richelderfer StCardingtonOH43315
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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 Cardington at 117 Richelderfer St, Cardington, OH, 43315 offers $1,810/mo rent that, after a $1,031/mo payment, leaves $424/mo cash flow. Total monthly income is $1,810/mo, and annual cash flow is $5,092/yr on $69,847 cash. Return on cash invested measures 27.2% in year one, and rental yield stands at 10.31% at a $210,700 entry. Equity gained on principal adds $1,360/yr while 5% annual appreciation compounds into $58,213 by year five. Five-year ROI records 142.49% and total cumulative return in cash reaches $99,523. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,810/mo property income versus a $1,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2019
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43315, Cardington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,136 (100%) |
| Owner Occupied HU | 2,317 (73.9%) |
| Renter Occupied HU | 590 (18.8%) |
| Vacant Housing Units | 229 ( 7.3%) |
| Median Home Value | $219,834 |
| Average Home Value | $243,825 |
Housing Distribution
Address Breakdown
Residential
2,877
Single Family
2,823
Multi-Family
54
Businesses
85
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Listed by: Carol Lessick • Century 21 Excellence Realty
Mls Name: KCBR
Mls ID: #20250106
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.