1243 Blue Spruce LnWilmingtonOH45177
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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 Wilmington at 1243 Blue Spruce Ln, Wilmington, OH, 45177 offers a 10.25% rental yield on a $368,195 purchase with $3,146/mo rent. Total monthly income registers $3,146/mo, and a $1,802/mo payment leaves $724/mo available for distribution. Annual cash flow reaches $8,691/yr on $122,057 to close, and return on cash invested stands at 27.03% in year one. Equity gained on principal adds $2,376/yr while 5% annual appreciation supports $101,725 over five years. Portfolio math shows five-year ROI at 141.56% and total cumulative return in cash at $172,778. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,146/mo property income against a $1,802/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,010 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45177, Wilmington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,684 (100%) |
| Owner Occupied HU | 5,899 (60.9%) |
| Renter Occupied HU | 3,001 (31.0%) |
| Vacant Housing Units | 784 ( 8.1%) |
| Median Home Value | $233,105 |
| Average Home Value | $267,757 |
Housing Distribution
Address Breakdown
Residential
9,426
Single Family
9,067
Multi-Family
359
Businesses
906
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Listed by: Adam Marit • Real Link
Mls Name: DABR MLS
Mls ID: #948259