247 B StWilmingtonOH45177
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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 Wilmington at 247 B St, Wilmington, OH, 45177 priced at $173,700 pairs $1,550/mo rent with $408/mo cash flow after a $850/mo payment. Total monthly income equals $1,550/mo, and annual cash flow comes to $4,891/yr on $57,582 invested. Return on cash invested is 28.4% in year one, and rental yield stands at 10.71% on a $173,700 basis. Equity gained on principal adds $1,121/yr, and 5% annual appreciation accumulates to $47,990 by year five. Five-year ROI measures 148.93% and total cumulative return in cash reaches $85,759. For financing, Ziffy Mortgage’s DSCR program evaluates $1,550/mo property income against a $850/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
3,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45177, Wilmington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,684 (100%) |
| Owner Occupied HU | 5,899 (60.9%) |
| Renter Occupied HU | 3,001 (31.0%) |
| Vacant Housing Units | 784 ( 8.1%) |
| Median Home Value | $233,105 |
| Average Home Value | $267,757 |
Housing Distribution
Address Breakdown
Residential
9,426
Single Family
9,067
Multi-Family
359
Businesses
906
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