173 Simon St, Delaware, OH, 43015 | 7.63% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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173 Simon St, Delaware, OH, 43015 | 7.63% Rental Yield | 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 Delaware at 173 Simon St, Delaware, OH, 43015 offers $1,710/mo rent that, after a $1,317/mo payment. Total monthly income is $1,710/mo. Return on cash invested measures 19.1% in year one, and rental yield stands at 7.63% at a $269,000 entry. Equity gained on principal adds $1,736/yr while 5% annual appreciation compounds into $74,320 by year five. Five-year ROI records 99.08% and total cumulative return in cash reaches $88,355. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,710/mo property income versus a $1,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2003

1.23 Acres lot

$N/A/sqft

No HOA

More details about the property

Adorable freestanding Cape Cod condo in the Village at Lehner Woods. This home features a convenient first-floor primary suite, first-floor laundry and half bath, and a cozy family room with gas-log fireplace that flows to the dining and kitchen area. Upstairs offers two bedrooms and a full bath. Enjoy relaxing on the welcoming front porch or private rear patio. Includes a detached garage and an additional parking pad for guests. Showings start 09/12/2025.

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