224 West StPayneOH45880
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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 Payne at 224 West St, Payne, OH, 45880 priced at $113,000 pairs $867/mo rent with $124/mo cash flow after a $553/mo payment. Total monthly income equals $867/mo, and annual cash flow comes to $1,485/yr on $37,460 invested. Return on cash invested is 23.87% in year one, and rental yield stands at 9.21% on a $113,000 basis. Equity gained on principal adds $729/yr, and 5% annual appreciation accumulates to $31,220 by year five. Five-year ROI measures 124.63% and total cumulative return in cash reaches $46,685. For financing, Ziffy Mortgage’s DSCR program evaluates $867/mo property income against a $553/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
0.73 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45880, Payne, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,011 (100%) |
| Owner Occupied HU | 770 (76.2%) |
| Renter Occupied HU | 173 (17.1%) |
| Vacant Housing Units | 68 ( 6.7%) |
| Median Home Value | $166,414 |
| Average Home Value | $189,981 |
Housing Distribution
Address Breakdown
Residential
869
Single Family
869
Multi-Family
0
Businesses
53
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-20 | Listed for sale | $113,000 |
| 2022-09-07 | Sold | $56,250 |
| 2021-10-26 | Sold | $35,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-21 | $767.20 | -3.05% | $19,920 | N/A |
| 2022-06-21 | $791.34 | -8.84% | $19,920 | 5.17% |
| 2021-06-21 | $868.08 | -3.42% | $18,940 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1949
- Architectural Style: Ranch
- Building Area: 1,586
- Living Area: 1,586 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Carport, Detached
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Nathan Dohoney • Gray Realty, LLC
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307437
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. Information is deemed reliable but not guaranteed.