1602 Troy RdDelawareOH43015
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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 Delaware at 1602 Troy Rd, Delaware, OH, 43015 priced at $235,600 converts $2,263/mo rent into $713/mo cash flow after a $1,153/mo obligation. Total monthly income equals $2,263/mo, and annual cash flow totals $8,561/yr on $78,101 invested. Return on cash invested prints 30.87% in year one, and rental yield reads 11.53% against a $235,600 entry. Equity gained on principal adds $1,520/yr, while 5% annual appreciation compiles into $65,092 by year five. Five-year ROI reaches 162.16% and total cumulative return in cash sums $126,649. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,263/mo property income covering a $1,153/mo payment, not borrower’s personal income.
Single Family
Built in 1901
3.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43015, Delaware, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,743 (100%) |
| Owner Occupied HU | 17,018 (66.1%) |
| Renter Occupied HU | 6,967 (27.1%) |
| Vacant Housing Units | 1,758 ( 6.8%) |
| Median Home Value | $389,232 |
| Average Home Value | $441,134 |
Housing Distribution
Address Breakdown
Residential
25,420
Single Family
24,479
Multi-Family
941
Businesses
1,396
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