493-495 Broad StWadsworthOH44281
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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
Investment property for sale in Wadsworth at 493-495 Broad St, Wadsworth, OH, 44281 offers a 13.47% rental yield on a $245,900 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,204/mo payment leaves $1,142/mo available for distribution. Annual cash flow reaches $13,705/yr on $81,516 to close, and return on cash invested stands at 36.72% in year one. Equity gained on principal adds $1,587/yr while 5% annual appreciation supports $67,938 over five years. Portfolio math shows five-year ROI at 193.58% and total cumulative return in cash at $157,795. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1961
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44281, Wadsworth, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,426 (100%) |
| Owner Occupied HU | 10,469 (72.6%) |
| Renter Occupied HU | 3,320 (23.0%) |
| Vacant Housing Units | 637 ( 4.4%) |
| Median Home Value | $296,453 |
| Average Home Value | $343,826 |
Housing Distribution
Address Breakdown
Residential
13,897
Single Family
12,859
Multi-Family
1,038
Businesses
668
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