218 Phillips DrWapakonetaOH45895
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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 Wapakoneta at 218 Phillips Dr, Wapakoneta, OH, 45895 priced at $249,900 converts $1,956/mo rent into $312/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,956/mo, and annual cash flow totals $3,748/yr on $82,842 invested. Return on cash invested prints 24.43% in year one, and rental yield reads 9.39% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 127.65% and total cumulative return in cash sums $105,746. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,956/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45895, Wapakoneta, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,701 (100%) |
| Owner Occupied HU | 5,600 (72.7%) |
| Renter Occupied HU | 1,676 (21.8%) |
| Vacant Housing Units | 425 ( 5.5%) |
| Median Home Value | $184,875 |
| Average Home Value | $216,385 |
Housing Distribution
Address Breakdown
Residential
7,523
Single Family
7,281
Multi-Family
242
Businesses
545
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Listed by: Maisie Tyler • Binkley Real Estate, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1036124
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.