309 S Wayne StMendonOH45862
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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 Mendon at 309 S Wayne St, Mendon, OH, 45862 at $164,900 posts ROI 28.63% with $397/mo cash flow from $1,482/mo rent. Total monthly income equals $1,482/mo, and annual cash flow records $4,769/yr on $54,664 to close. Return on cash invested measures 28.63% and rental yield reads 10.78% at the current $164,900. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 by year five. Five-year ROI prints 150.2% and total cumulative return in cash totals $82,108.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,482/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45862, Mendon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 587 (100%) |
| Owner Occupied HU | 442 (75.3%) |
| Renter Occupied HU | 89 (15.2%) |
| Vacant Housing Units | 56 ( 9.5%) |
| Median Home Value | $154,762 |
| Average Home Value | $195,984 |
Housing Distribution
Address Breakdown
Residential
459
Single Family
459
Multi-Family
0
Businesses
16
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