20 Townsend StWakemanOH44889
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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
Rental property for sale in Wakeman at 20 Townsend St, Wakeman, OH, 44889 priced at $114,900 pairs $902/mo rent with $147/mo cash flow after a $562/mo payment. Total monthly income equals $902/mo, and annual cash flow comes to $1,759/yr on $38,089 invested. Return on cash invested is 24.53% in year one, and rental yield stands at 9.42% on a $114,900 basis. Equity gained on principal adds $741/yr, and 5% annual appreciation accumulates to $31,745 by year five. Five-year ROI measures 128.17% and total cumulative return in cash reaches $48,818. For financing, Ziffy Mortgage’s DSCR program evaluates $902/mo property income against a $562/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44889, Wakeman, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 2,266 (77.2%) |
| Renter Occupied HU | 515 (17.5%) |
| Vacant Housing Units | 155 ( 5.3%) |
| Median Home Value | $239,086 |
| Average Home Value | $309,092 |
Housing Distribution
Address Breakdown
Residential
2,654
Single Family
2,548
Multi-Family
106
Businesses
107
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