243 S Wayne StSaint MarysOH45885
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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 Saint Marys at 243 S Wayne St, Saint Marys, OH, 45885 priced at $174,900 converts $1,220/mo rent into $70/mo cash flow after a $856/mo obligation. Total monthly income equals $1,220/mo, and annual cash flow totals $835/yr on $57,979 invested. Return on cash invested prints 21.35% in year one, and rental yield reads 8.37% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 111.12% and total cumulative return in cash sums $64,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,220/mo property income covering a $856/mo payment, not borrower’s personal income.
Multi Family
Built in 1925
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45885, Saint Marys, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,893 (100%) |
| Owner Occupied HU | 3,816 (64.8%) |
| Renter Occupied HU | 1,574 (26.7%) |
| Vacant Housing Units | 503 ( 8.5%) |
| Median Home Value | $189,076 |
| Average Home Value | $220,131 |
Housing Distribution
Address Breakdown
Residential
5,576
Single Family
5,477
Multi-Family
99
Businesses
382
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Listed by: Amy Lauth • Plus One Professionals
Mls Name: WRIST
Mls ID: #1039602