1615 Irene DrBellefontaineOH43311
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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 Bellefontaine at 1615 Irene Dr, Bellefontaine, OH, 43311 priced at $229,900 converts $3,314/mo rent into $1,667/mo cash flow after a $1,125/mo obligation. Total monthly income equals $3,314/mo, and annual cash flow totals $20,004/yr on $76,212 invested. Return on cash invested prints 46.16% in year one, and rental yield reads 17.3% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 244.86% and total cumulative return in cash sums $186,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,314/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43311, Bellefontaine, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,883 (100%) |
| Owner Occupied HU | 5,419 (61.0%) |
| Renter Occupied HU | 2,888 (32.5%) |
| Vacant Housing Units | 576 ( 6.5%) |
| Median Home Value | $195,229 |
| Average Home Value | $226,253 |
Housing Distribution
Address Breakdown
Residential
8,514
Single Family
8,096
Multi-Family
418
Businesses
739
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Listed by: Jeremy Hankins • Bell Hankins Realty Group, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224001899
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.