1430 Butler RdWakemanOH44889
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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 Wakeman at 1430 Butler Rd, Wakeman, OH, 44889 offers a 9.5% rental yield on a $140,000 purchase with $1,108/mo rent. Total monthly income registers $1,108/mo, and a $685/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,248/yr on $46,410 to close, and return on cash invested stands at 24.75% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 129.38% and total cumulative return in cash at $60,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,108/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44889, Wakeman, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 2,266 (77.2%) |
| Renter Occupied HU | 515 (17.5%) |
| Vacant Housing Units | 155 ( 5.3%) |
| Median Home Value | $239,086 |
| Average Home Value | $309,092 |
Housing Distribution
Address Breakdown
Residential
2,654
Single Family
2,548
Multi-Family
106
Businesses
107
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