242 E Yates AveFindlayOH45840
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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 Findlay at 242 E Yates Ave, Findlay, OH, 45840 priced at $259,900 converts $2,087/mo rent into $378/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,087/mo, and annual cash flow totals $4,530/yr on $86,157 invested. Return on cash invested prints 25.17% in year one, and rental yield reads 9.64% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 131.58% and total cumulative return in cash sums $113,362. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,087/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45840, Findlay, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,596 (100%) |
| Owner Occupied HU | 15,996 (62.5%) |
| Renter Occupied HU | 7,629 (29.8%) |
| Vacant Housing Units | 1,971 ( 7.7%) |
| Median Home Value | $242,087 |
| Average Home Value | $280,048 |
Housing Distribution
Address Breakdown
Residential
24,727
Single Family
22,387
Multi-Family
2,340
Businesses
1,610
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