188 Oak Ridge RdWellstonOH45692
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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 Wellston at 188 Oak Ridge Rd, Wellston, OH, 45692 generates $1,692/mo in rent and, after a $1,150/mo payment, leaves $146/mo in cash flow. Total monthly income is $1,692/mo, and annual cash flow is $1,757/yr on $77,903 invested. Return on cash invested sits at 22.16% in year one, and rental yield is 8.64% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 115.49% and total cumulative return in cash sums $89,968. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,692/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45692, Wellston, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,798 (100%) |
| Owner Occupied HU | 2,386 (62.8%) |
| Renter Occupied HU | 1,024 (27.0%) |
| Vacant Housing Units | 388 (10.2%) |
| Median Home Value | $138,780 |
| Average Home Value | $170,357 |
Housing Distribution
Address Breakdown
Residential
3,679
Single Family
3,533
Multi-Family
146
Businesses
206
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