1298 S Delaware AveWellstonOH45692
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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 Wellston at 1298 S Delaware Ave, Wellston, OH, 45692 uses $42,266 cash to close to unlock $1,996/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $1,005/mo, and a $624/mo payment keeps the spread at $166/mo. Purchase price stands at $127,500, and rental yield measures 9.46% with $1,005/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $35,226 over five years. Five-year ROI reaches 128.75% and total cumulative return in cash records $54,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,005/mo property income covering a $624/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45692, Wellston, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,798 (100%) |
| Owner Occupied HU | 2,386 (62.8%) |
| Renter Occupied HU | 1,024 (27.0%) |
| Vacant Housing Units | 388 (10.2%) |
| Median Home Value | $138,780 |
| Average Home Value | $170,357 |
Housing Distribution
Address Breakdown
Residential
3,679
Single Family
3,533
Multi-Family
146
Businesses
206
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Listed by: Sally Patterson • Patterson Real Estate Services LLC
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433497
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.