16818 Southland RdBotkinsOH45306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Botkins at 16818 Southland Rd, Botkins, OH, 45306 offers a 8.35% rental yield on a $398,500 purchase with $2,773/mo rent. Total monthly income registers $2,773/mo, and a $1,950/mo payment leaves $152/mo available for distribution. Annual cash flow reaches $1,826/yr on $132,103 to close, and return on cash invested stands at 21.29% in year one. Equity gained on principal adds $2,571/yr while 5% annual appreciation supports $110,098 over five years. Portfolio math shows five-year ROI at 110.79% and total cumulative return in cash at $146,353. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,773/mo property income against a $1,950/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
3.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45306, Botkins, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 995 (100%) |
| Owner Occupied HU | 770 (77.4%) |
| Renter Occupied HU | 182 (18.3%) |
| Vacant Housing Units | 43 ( 4.3%) |
| Median Home Value | $250,000 |
| Average Home Value | $275,286 |
Housing Distribution
Address Breakdown
Residential
512
Single Family
512
Multi-Family
0
Businesses
81
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