209 S Wayne StMendonOH45862
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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 Mendon at 209 S Wayne St, Mendon, OH, 45862 uses $69,615 cash to close to unlock $4,674/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $1,771/mo, and a $1,028/mo payment keeps the spread at $390/mo. Purchase price stands at $210,000, and rental yield measures 10.12% with $1,771/mo rent. Return on cash invested shows 26.62% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 139.39% and total cumulative return in cash records $97,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,771/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 2018
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45862, Mendon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 587 (100%) |
| Owner Occupied HU | 442 (75.3%) |
| Renter Occupied HU | 89 (15.2%) |
| Vacant Housing Units | 56 ( 9.5%) |
| Median Home Value | $154,762 |
| Average Home Value | $195,984 |
Housing Distribution
Address Breakdown
Residential
459
Single Family
459
Multi-Family
0
Businesses
16
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