229 E Wayne StCelinaOH45822
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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 Celina at 229 E Wayne St, Celina, OH, 45822 priced at $299,900 converts $2,182/mo rent into $209/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,182/mo, and annual cash flow totals $2,510/yr on $99,417 invested. Return on cash invested prints 22.43% in year one, and rental yield reads 8.73% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 116.92% and total cumulative return in cash sums $116,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,182/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1910
10,824 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45822, Celina, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,648 (100%) |
| Owner Occupied HU | 6,178 (64.0%) |
| Renter Occupied HU | 2,237 (23.2%) |
| Vacant Housing Units | 1,233 (12.8%) |
| Median Home Value | $224,874 |
| Average Home Value | $265,641 |
Housing Distribution
Address Breakdown
Residential
8,605
Single Family
8,358
Multi-Family
247
Businesses
661
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Listed by: Karri Gray • Gray Realty, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1035465
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.