413 N Detroit StBellefontaineOH43311
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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 413 N Detroit St, Bellefontaine, OH, 43311 generates $1,237/mo in rent, after a $1,219/mo payment. Total monthly income is $1,237/mo. Return on cash invested sits at 14.08% in year one, and rental yield is 5.96% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 72.06% and total cumulative return in cash sums $59,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,237/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
0.28 Acres 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: Charles Scheiderer • Roby Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225043249