402 W Madison StSaint MarysOH45885
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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 Saint Marys at 402 W Madison St, Saint Marys, OH, 45885 offers $2,051/mo rent that, after a $827/mo payment, leaves $940/mo cash flow. Total monthly income is $2,051/mo, and annual cash flow is $11,274/yr on $56,024 cash. Return on cash invested measures 40.03% in year one, and rental yield stands at 14.56% at a $169,000 entry. Equity gained on principal adds $1,091/yr while 5% annual appreciation compounds into $46,692 by year five. Five-year ROI records 211.32% and total cumulative return in cash reaches $118,387. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,051/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45885, Saint Marys, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,893 (100%) |
| Owner Occupied HU | 3,816 (64.8%) |
| Renter Occupied HU | 1,574 (26.7%) |
| Vacant Housing Units | 503 ( 8.5%) |
| Median Home Value | $189,076 |
| Average Home Value | $220,131 |
Housing Distribution
Address Breakdown
Residential
5,576
Single Family
5,477
Multi-Family
99
Businesses
382
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Listed by: Kurt Bubp • Kuck Realty Inc.
Mls Name: WRIST
Mls Provider:
Mls ID: #1034180
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.