1511 Lake Pointe Way APT 2DaytonOH45459
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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 Dayton at 1511 Lake Pointe Way APT 2, Dayton, OH, 45459 generates $1,688/mo in rent and, after a $732/mo payment, leaves $424/mo in cash flow. Total monthly income is $1,688/mo, and annual cash flow is $5,092/yr on $49,559 invested. Return on cash invested sits at 30.18% in year one, and rental yield is 13.55% on a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 160.98% and total cumulative return in cash sums $79,781. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,688/mo property income rather than buyer’s personal income.
Condo
Built in 1987
1,176 sqft lot
$N/A/sqft
$280 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45459, Dayton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,818 (100%) |
| Owner Occupied HU | 8,745 (63.3%) |
| Renter Occupied HU | 4,152 (30.0%) |
| Vacant Housing Units | 921 ( 6.7%) |
| Median Home Value | $311,875 |
| Average Home Value | $324,662 |
Housing Distribution
Address Breakdown
Residential
13,934
Single Family
11,711
Multi-Family
2,223
Businesses
1,746
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Listed by: Rosemary M South • Comey & Shepherd REALTORS
Mls Name: DABR MLS
Mls Provider:
Mls ID: #944516
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.