408 N Main StWest ManchesterOH45382
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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 West Manchester at 408 N Main St, West Manchester, OH, 45382 priced at $110,000 converts $837/mo rent into $114/mo cash flow after a $538/mo obligation. Total monthly income equals $837/mo, and annual cash flow totals $1,366/yr on $36,465 invested. Return on cash invested prints 23.66% in year one, and rental yield reads 9.13% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 123.44% and total cumulative return in cash sums $45,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $837/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45382, West Manchester, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 464 (100%) |
| Owner Occupied HU | 331 (71.3%) |
| Renter Occupied HU | 95 (20.5%) |
| Vacant Housing Units | 38 ( 8.2%) |
| Median Home Value | $187,500 |
| Average Home Value | $258,376 |
Housing Distribution
Address Breakdown
Residential
301
Single Family
301
Multi-Family
0
Businesses
19
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Listed by: Jonathan Robinson • Red 1 Realty
Mls Name: DABR MLS
Mls ID: #948479