283 Westgate AveWadsworthOH44281
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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 Wadsworth at 283 Westgate Ave, Wadsworth, OH, 44281 priced at $229,000 pairs $1,170/mo rent with after a $1,121/mo payment. Total monthly income equals $1,170/mo. Return on cash invested is 14.59% in year one, and rental yield stands at 6.13% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 74.85% and total cumulative return in cash reaches $56,825. For financing, Ziffy Mortgage’s DSCR program evaluates $1,170/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44281, Wadsworth, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,426 (100%) |
| Owner Occupied HU | 10,469 (72.6%) |
| Renter Occupied HU | 3,320 (23.0%) |
| Vacant Housing Units | 637 ( 4.4%) |
| Median Home Value | $296,453 |
| Average Home Value | $343,826 |
Housing Distribution
Address Breakdown
Residential
13,897
Single Family
12,859
Multi-Family
1,038
Businesses
668
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