297 W William StDelawareOH43015
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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 Delaware at 297 W William St, Delaware, OH, 43015 offers $3,974/mo rent that, after a $3,225/mo payment. Total monthly income is $3,974/mo. Return on cash invested measures 18.07% in year one, and rental yield stands at 7.24% at a $659,000 entry. Equity gained on principal adds $4,252/yr while 5% annual appreciation compounds into $182,070 by year five. Five-year ROI records 93.44% and total cumulative return in cash reaches $202,579. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,974/mo property income versus a $3,225/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43015, Delaware, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,743 (100%) |
| Owner Occupied HU | 17,018 (66.1%) |
| Renter Occupied HU | 6,967 (27.1%) |
| Vacant Housing Units | 1,758 ( 6.8%) |
| Median Home Value | $389,232 |
| Average Home Value | $441,134 |
Housing Distribution
Address Breakdown
Residential
25,420
Single Family
24,479
Multi-Family
941
Businesses
1,396
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Listed by: Stephanie J VanGundy • Howard Hanna Real Estate Services
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225034940
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.