224 E 2nd StWellstonOH45692
Nearby investment properties with comparable rents
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 Wellston at 224 E 2nd St, Wellston, OH, 45692 priced at $263,900 pairs $2,159/mo rent with $423/mo cash flow after a $1,292/mo payment. Total monthly income equals $2,159/mo, and annual cash flow comes to $5,073/yr on $87,483 invested. Return on cash invested is 25.71% in year one, and rental yield stands at 9.82% on a $263,900 basis. Equity gained on principal adds $1,703/yr, and 5% annual appreciation accumulates to $72,911 by year five. Five-year ROI measures 134.47% and total cumulative return in cash reaches $117,642. For financing, Ziffy Mortgage’s DSCR program evaluates $2,159/mo property income against a $1,292/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
7,920 sqft 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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