208 Velma DrWellstonOH45692
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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 Wellston at 208 Velma Dr, Wellston, OH, 45692 uses $74,554 cash to close to unlock $641/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $1,533/mo, and a $1,101/mo payment keeps the spread at $53/mo. Purchase price stands at $224,900, and rental yield measures 8.18% with $1,533/mo rent. Return on cash invested shows 20.77% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 108% and total cumulative return in cash records $80,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,533/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.93 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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