196 Chestnut StWadsworthOH44281
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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 Wadsworth at 196 Chestnut St, Wadsworth, OH, 44281 priced at $145,000 converts $1,753/mo rent into $799/mo cash flow after a $710/mo obligation. Total monthly income equals $1,753/mo, and annual cash flow totals $9,587/yr on $48,068 invested. Return on cash invested prints 39.85% in year one, and rental yield reads 14.51% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 210.32% and total cumulative return in cash sums $101,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,753/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1910
5,349 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44281, Wadsworth, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,426 (100%) |
| Owner Occupied HU | 10,469 (72.6%) |
| Renter Occupied HU | 3,320 (23.0%) |
| Vacant Housing Units | 637 ( 4.4%) |
| Median Home Value | $296,453 |
| Average Home Value | $343,826 |
Housing Distribution
Address Breakdown
Residential
13,897
Single Family
12,859
Multi-Family
1,038
Businesses
668
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