316 N Main StWellingtonOH44090
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wellington at 316 N Main St, Wellington, OH, 44090 offers a 8.26% rental yield on a $170,000 purchase with $1,170/mo rent. Total monthly income registers $1,170/mo, and a $832/mo payment leaves $52/mo available for distribution. Annual cash flow reaches $622/yr on $56,355 to close, and return on cash invested stands at 21.01% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 109.27% and total cumulative return in cash at $61,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,170/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44090, Wellington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,827 (100%) |
| Owner Occupied HU | 3,633 (75.3%) |
| Renter Occupied HU | 978 (20.3%) |
| Vacant Housing Units | 216 ( 4.5%) |
| Median Home Value | $272,917 |
| Average Home Value | $310,310 |
Housing Distribution
Address Breakdown
Residential
4,695
Single Family
4,497
Multi-Family
198
Businesses
295
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $170,000 |
| 2018-03-20 | Sold | $45,000 |
| 2017-10-30 | Pending sale | $49,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $839.14 | 1.18% | $17,820 | N/A |
| 2022-10-14 | $829.36 | -0.09% | $17,820 | N/A |
| 2021-10-14 | $830.08 | 7.71% | $17,820 | 15.64% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1900
- Architectural Style: Colonial
- Building Area: 1,860
- Living Area: 1,860 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached, Driveway, Garage, Garage Door Opener
Location
- City: Wellington
- State: OH
- Subdivision: Wellington
- Lot Size: 6,098 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Ryan D King • King Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5077284
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2024 - Multiple Listing Service, Inc. All Rights Reserved.