260 W Wayne StAllianceOH44601
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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 Alliance at 260 W Wayne St, Alliance, OH, 44601 uses $48,034 cash to close to unlock $2,641/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,173/mo, and a $709/mo payment keeps the spread at $220/mo. Purchase price stands at $144,900, and rental yield measures 9.71% with $1,173/mo rent. Return on cash invested shows 25.41% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 132.96% and total cumulative return in cash records $63,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,173/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1915
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44601, Alliance, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,809 (100%) |
| Owner Occupied HU | 8,563 (57.8%) |
| Renter Occupied HU | 4,914 (33.2%) |
| Vacant Housing Units | 1,332 ( 9.0%) |
| Median Home Value | $169,580 |
| Average Home Value | $200,568 |
Housing Distribution
Address Breakdown
Residential
14,023
Single Family
13,311
Multi-Family
712
Businesses
978
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