450 N Grant St, Wooster, OH, 44691 | $470/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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450 N Grant St, Wooster, OH, 44691 | $470/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wooster at 450 N Grant St, Wooster, OH, 44691 generates $1,259/mo in rent and, after a $587/mo payment, leaves $470/mo in cash flow. Total monthly income is $1,259/mo, and annual cash flow is $5,640/yr on $39,780 invested. Return on cash invested sits at 34.09% in year one, and rental yield is 12.59% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 179.38% and total cumulative return in cash sums $71,359. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,259/mo property income rather than buyer’s personal income.

Multi Family

Built in 1900

7,501 sqft lot

$N/A/sqft

No HOA

More details about the property

Currently a duplex with 2 bedroom unit and 1 bedroom unit. Could be converted back to single family home. Updates include: hot water heater 2024, Rubber roof 5-6 yrs old, roof shingles 10-ish years old.

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