388 S River RdWatervilleOH43566
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
Rental property for sale in Waterville at 388 S River Rd, Waterville, OH, 43566 priced at $299,900 pairs $2,234/mo rent with $261/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,234/mo, and annual cash flow comes to $3,134/yr on $99,417 invested. Return on cash invested is 23.06% in year one, and rental yield stands at 8.94% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 120.3% and total cumulative return in cash reaches $119,596. For financing, Ziffy Mortgage’s DSCR program evaluates $2,234/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43566, Waterville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,759 (72.1%) |
| Renter Occupied HU | 753 (19.7%) |
| Vacant Housing Units | 316 ( 8.3%) |
| Median Home Value | $300,678 |
| Average Home Value | $308,016 |
Housing Distribution
Address Breakdown
Residential
3,710
Single Family
3,419
Multi-Family
291
Businesses
245
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Listed by: Pamela K. Rose • Pamela Rose Auction Company
Mls Name: NORIS
Mls ID: #10002755