117 W Van Lake DrVandaliaOH45377
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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 Vandalia at 117 W Van Lake Dr, Vandalia, OH, 45377 priced at $151,900 converts $1,172/mo rent into $173/mo cash flow after a $743/mo obligation. Total monthly income equals $1,172/mo, and annual cash flow totals $2,080/yr on $50,355 invested. Return on cash invested prints 24.04% in year one, and rental yield reads 9.26% against a $151,900 entry. Equity gained on principal adds $980/yr, while 5% annual appreciation compiles into $41,967 by year five. Five-year ROI reaches 125.55% and total cumulative return in cash sums $63,218. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,172/mo property income covering a $743/mo payment, not borrower’s personal income.
Condo
Built in 1973
705.67 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45377, Vandalia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 4,279 (62.2%) |
| Renter Occupied HU | 2,275 (33.0%) |
| Vacant Housing Units | 330 ( 4.8%) |
| Median Home Value | $225,533 |
| Average Home Value | $250,948 |
Housing Distribution
Address Breakdown
Residential
6,737
Single Family
5,938
Multi-Family
799
Businesses
686
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