413 Franklin AveWaverlyOH45690
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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 Waverly at 413 Franklin Ave, Waverly, OH, 45690 priced at $182,500 pairs $1,247/mo rent with $47/mo cash flow after a $893/mo payment. Total monthly income equals $1,247/mo, and annual cash flow comes to $561/yr on $60,499 invested. Return on cash invested is 20.84% in year one, and rental yield stands at 8.2% on a $182,500 basis. Equity gained on principal adds $1,178/yr, and 5% annual appreciation accumulates to $50,421 by year five. Five-year ROI measures 108.36% and total cumulative return in cash reaches $65,554. For financing, Ziffy Mortgage’s DSCR program evaluates $1,247/mo property income against a $893/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
5,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45690, Waverly, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,446 (100%) |
| Owner Occupied HU | 3,613 (56.1%) |
| Renter Occupied HU | 2,078 (32.2%) |
| Vacant Housing Units | 755 (11.7%) |
| Median Home Value | $215,506 |
| Average Home Value | $250,186 |
Housing Distribution
Address Breakdown
Residential
6,103
Single Family
5,873
Multi-Family
230
Businesses
473
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