411 E Spring AveBellefontaineOH43311
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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 Bellefontaine at 411 E Spring Ave, Bellefontaine, OH, 43311 priced at $214,900 converts $1,644/mo rent into $230/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,644/mo, and annual cash flow totals $2,763/yr on $71,239 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.18% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 124.22% and total cumulative return in cash sums $88,494. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,644/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43311, Bellefontaine, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,883 (100%) |
| Owner Occupied HU | 5,419 (61.0%) |
| Renter Occupied HU | 2,888 (32.5%) |
| Vacant Housing Units | 576 ( 6.5%) |
| Median Home Value | $195,229 |
| Average Home Value | $226,253 |
Housing Distribution
Address Breakdown
Residential
8,514
Single Family
8,096
Multi-Family
418
Businesses
739
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Listed by: Heidi Baker • Bell Hankins Realty Group, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1037859
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