202 Palmer StWoosterOH44691
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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
Investment property for sale in Wooster at 202 Palmer St, Wooster, OH, 44691 uses $33,150 cash to close to unlock $1,268/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $763/mo, and a $489/mo payment keeps the spread at $106/mo. Purchase price stands at $100,000, and rental yield measures 9.16% with $763/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 123.92% and total cumulative return in cash records $41,080. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $763/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1890
7,679 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44691, Wooster, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,191 (100%) |
| Owner Occupied HU | 12,097 (63.0%) |
| Renter Occupied HU | 5,925 (30.9%) |
| Vacant Housing Units | 1,169 ( 6.1%) |
| Median Home Value | $253,694 |
| Average Home Value | $291,966 |
Housing Distribution
Address Breakdown
Residential
18,463
Single Family
17,071
Multi-Family
1,392
Businesses
1,629
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