229 N Elm StBellefontaineOH43311
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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 Bellefontaine at 229 N Elm St, Bellefontaine, OH, 43311 uses $53,040 cash to close to unlock $7,604/yr annual cash flow and $634/mo monthly cash flow. Total monthly income runs $1,686/mo, and a $783/mo payment keeps the spread at $634/mo. Purchase price stands at $160,000, and rental yield measures 12.65% with $1,686/mo rent. Return on cash invested shows 34.25% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 180.25% and total cumulative return in cash records $95,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,686/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,465 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43311, Bellefontaine, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,883 (100%) |
| Owner Occupied HU | 5,419 (61.0%) |
| Renter Occupied HU | 2,888 (32.5%) |
| Vacant Housing Units | 576 ( 6.5%) |
| Median Home Value | $195,229 |
| Average Home Value | $226,253 |
Housing Distribution
Address Breakdown
Residential
8,514
Single Family
8,096
Multi-Family
418
Businesses
739
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Listed by: Alexis McCall • Royer Realty LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1039274
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.