309 S Main StConvoyOH45832
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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 Convoy at 309 S Main St, Convoy, OH, 45832 generates $1,729/mo in rent and, after a $724/mo payment, leaves $751/mo in cash flow. Total monthly income is $1,729/mo, and annual cash flow is $9,016/yr on $49,062 invested. Return on cash invested sits at 38.28% in year one, and rental yield is 14.02% on a $148,000 entry. Equity gained on principal adds $955/yr, while 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 202.01% and total cumulative return in cash sums $99,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,729/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45832, Convoy, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 897 (79.5%) |
| Renter Occupied HU | 142 (12.6%) |
| Vacant Housing Units | 90 ( 8.0%) |
| Median Home Value | $176,042 |
| Average Home Value | $188,824 |
Housing Distribution
Address Breakdown
Residential
686
Single Family
686
Multi-Family
0
Businesses
37
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Listed by: Shelby Muhlenkamp • Master Key Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1040316
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.