15521 Road 1037OakwoodOH45873
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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 Oakwood at 15521 Road 1037, Oakwood, OH, 45873 offers a 9.03% rental yield on a $205,900 purchase with $1,550/mo rent. Total monthly income registers $1,550/mo, and a $1,008/mo payment leaves $195/mo available for distribution. Annual cash flow reaches $2,345/yr on $68,256 to close, and return on cash invested stands at 23.34% in year one. Equity gained on principal adds $1,329/yr while 5% annual appreciation supports $56,886 over five years. Portfolio math shows five-year ROI at 121.82% and total cumulative return in cash at $83,148. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,550/mo property income against a $1,008/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.95 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45873, Oakwood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,184 (100%) |
| Owner Occupied HU | 816 (68.9%) |
| Renter Occupied HU | 173 (14.6%) |
| Vacant Housing Units | 195 (16.5%) |
| Median Home Value | $156,410 |
| Average Home Value | $222,488 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
35
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-24 | Listed for sale | $205,900 |
| 2020-11-18 | Sold | $164,000 |
| 2020-10-11 | Pending sale | $164,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1883.44 | -2.32% | $55,370 | N/A |
| 2022-10-16 | $1928.12 | 84.20% | $55,370 | 99.46% |
| 2021-10-16 | $1046.78 | 159.19% | $27,760 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1970
- Architectural Style: One Story
- Building Area: N/A
- Living Area: 1,332 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Propane
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Attic, Gas Range Connection
- Exterior Features: Propane Tank - Leased
- Parking Features: Asphalt, Attached, Driveway, Garage, Garage Door Opener
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sanitary
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: Oakwood
- Middle School: N/A
- High School: Paulding
Listed by: Anne M Reinhart • Gorrell Bros.
Mls Name: NORIS
Mls ID: #6121117
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.