1236 S Detroit 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 1236 S Detroit St, Bellefontaine, OH, 43311 uses $64,643 cash to close to unlock $7,725/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $1,926/mo, and a $954/mo payment keeps the spread at $644/mo. Purchase price stands at $195,000, and rental yield measures 11.85% with $1,926/mo rent. Return on cash invested shows 31.86% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 167.42% and total cumulative return in cash records $108,226. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,926/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.27 Acres 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: Aliyah Sanford • Howard Hanna Real Estate Services
Mls Name: WRIST
Mls ID: #1040574