135 E Merry AveBowling GreenOH43402
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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 Bowling Green at 135 E Merry Ave, Bowling Green, OH, 43402 priced at $103,000 converts $1,654/mo rent into $977/mo cash flow after a $504/mo obligation. Total monthly income equals $1,654/mo, and annual cash flow totals $11,719/yr on $34,145 invested. Return on cash invested prints 54.23% in year one, and rental yield reads 19.27% against a $103,000 entry. Equity gained on principal adds $665/yr, while 5% annual appreciation compiles into $28,457 by year five. Five-year ROI reaches 287.48% and total cumulative return in cash sums $98,158. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,654/mo property income covering a $504/mo payment, not borrower’s personal income.
Single Family
Built in 1900
3,197 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43402, Bowling Green, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,655 (100%) |
| Owner Occupied HU | 7,083 (45.2%) |
| Renter Occupied HU | 7,456 (47.6%) |
| Vacant Housing Units | 1,116 ( 7.1%) |
| Median Home Value | $261,690 |
| Average Home Value | $287,626 |
Housing Distribution
Address Breakdown
Residential
14,795
Single Family
11,079
Multi-Family
3,716
Businesses
1,151
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Listed by: Bryan Hartzler • The Danberry Co
Mls Name: NORIS
Mls ID: #6119464
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. 2024 NORIS. All rights reserved.