1200 Erie StBellefontaineOH43311
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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
Investment property for sale in Bellefontaine at 1200 Erie St, Bellefontaine, OH, 43311 uses $79,527 cash to close to unlock $5,774/yr annual cash flow and $481/mo monthly cash flow. Total monthly income runs $2,059/mo, and a $1,174/mo payment keeps the spread at $481/mo. Purchase price stands at $239,900, and rental yield measures 10.3% with $2,059/mo rent. Return on cash invested shows 27.17% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 142.35% and total cumulative return in cash records $113,203. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,059/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43311, Bellefontaine, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,883 (100%) |
| Owner Occupied HU | 5,419 (61.0%) |
| Renter Occupied HU | 2,888 (32.5%) |
| Vacant Housing Units | 576 ( 6.5%) |
| Median Home Value | $195,229 |
| Average Home Value | $226,253 |
Housing Distribution
Address Breakdown
Residential
8,514
Single Family
8,096
Multi-Family
418
Businesses
739
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Listed by: Malia K. Hughes • Key Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1041113
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.