2474 Meadow Ridge DrWheelersburgOH45694
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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 Wheelersburg at 2474 Meadow Ridge Dr, Wheelersburg, OH, 45694 uses $62,156 cash to close to unlock $5,716/yr annual cash flow and $476/mo monthly cash flow. Total monthly income runs $1,710/mo, and a $918/mo payment keeps the spread at $476/mo. Purchase price stands at $187,500, and rental yield measures 10.94% with $1,710/mo rent. Return on cash invested shows 29.11% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 152.72% and total cumulative return in cash records $94,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $918/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45694, Wheelersburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,003 (100%) |
| Owner Occupied HU | 3,370 (67.4%) |
| Renter Occupied HU | 1,242 (24.8%) |
| Vacant Housing Units | 391 ( 7.8%) |
| Median Home Value | $232,634 |
| Average Home Value | $243,322 |
Housing Distribution
Address Breakdown
Residential
5,105
Single Family
4,955
Multi-Family
150
Businesses
359
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Listed by: Jeremy Newman • REAL ESTATE GALLERY, INC.
Mls Name: GPABR
Mls ID: #153910