18 Edgewood DrRichwoodOH43344
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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 Richwood at 18 Edgewood Dr, Richwood, OH, 43344 offers $1,876/mo rent that, after a $1,346/mo payment, leaves $67/mo cash flow. Total monthly income is $1,876/mo, and annual cash flow is $805/yr on $91,163 cash. Return on cash invested measures 20.79% in year one, and rental yield stands at 8.19% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 108.15% and total cumulative return in cash reaches $98,591. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,876/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43344, Richwood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,460 (100%) |
| Owner Occupied HU | 1,849 (75.2%) |
| Renter Occupied HU | 463 (18.8%) |
| Vacant Housing Units | 148 ( 6.0%) |
| Median Home Value | $230,709 |
| Average Home Value | $273,829 |
Housing Distribution
Address Breakdown
Residential
2,224
Single Family
2,183
Multi-Family
41
Businesses
125
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Listed by: Stacey Flach • Coldwell Banker Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1040080
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.