4400 Melrose Dr #173WoosterOH44691
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Wooster at 4400 Melrose Dr #173, Wooster, OH, 44691 offers a 20.66% rental yield on a $105,900 purchase with $1,823/mo rent. Total monthly income registers $1,823/mo, and a $518/mo payment leaves $1,127/mo available for distribution. Annual cash flow reaches $13,521/yr on $35,106 to close, and return on cash invested stands at 58.42% in year one. Equity gained on principal adds $683/yr while 5% annual appreciation supports $29,258 over five years. Portfolio math shows five-year ROI at 309.92% and total cumulative return in cash at $108,800. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,823/mo property income against a $518/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44691, Wooster, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,191 (100%) |
| Owner Occupied HU | 12,097 (63.0%) |
| Renter Occupied HU | 5,925 (30.9%) |
| Vacant Housing Units | 1,169 ( 6.1%) |
| Median Home Value | $253,694 |
| Average Home Value | $291,966 |
Housing Distribution
Address Breakdown
Residential
18,463
Single Family
17,071
Multi-Family
1,392
Businesses
1,629
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
