16 Grace Ave, Shelby, OH, 44875 | $292/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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16 Grace Ave, Shelby, OH, 44875 | $292/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Shelby at 16 Grace Ave, Shelby, OH, 44875 priced at $128,900 pairs $1,140/mo rent with $292/mo cash flow after a $631/mo payment. Total monthly income equals $1,140/mo, and annual cash flow comes to $3,504/yr on $42,730 invested. Return on cash invested is 28.11% in year one, and rental yield stands at 10.61% on a $128,900 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,613 by year five. Five-year ROI measures 147.45% and total cumulative return in cash reaches $63,005. For financing, Ziffy Mortgage’s DSCR program evaluates $1,140/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1920

7,901 sqft lot

$N/A/sqft

No HOA

More details about the property

Great Shelby 2/1 Home w/ Detached 2-Car Garage on quiet street. Newly renovated. New Kitchen. New appliances, including refrigerator, stove/oven, dishwasher, and garbage disposal. Freshly Painted. Partial basement. Additional attic storage accessed through bedroom closet. New water and gas lines in basement. Come-n-see. Pre Approval or POF required for showings and Buyer to verify details.