493 Mitchell Rd, Wilmington, OH, 45177 | $313/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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493 Mitchell Rd, Wilmington, OH, 45177 | $313/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

Investment property for sale in Wilmington at 493 Mitchell Rd, Wilmington, OH, 45177 listed at $495,000 pairs $3,569/mo rent with a $2,423/mo payment to leave $313/mo cash flow. Total monthly income runs $3,569/mo, and annual cash flow reaches $3,753/yr on $164,093 cash to close. Return on cash invested measures 22.2% in year one, and rental yield registers 8.65% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 115.62% and total cumulative return in cash totals $189,718. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,569/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1994

1.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 493 Mitchell Road, a spacious two-story home offering convenience and comfort with easy access to the bypass and I-71. Relax on the covered front porch or entertain on the large rear deck overlooking the partially fenced backyard. Inside, enjoy multiple living spaces including a formal living room, study, and formal dining room, plus a kitchen that opens to the family room with fireplace. With 4-5 bedrooms and 2.5 baths, there's room for everyone. The partially finished basement adds even more space for recreation or storage, and the 2-car attached garage provides convenience. This home delivers a flexible floor plan, updates you'll appreciate, and a location that can't be beat.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45177, Wilmington, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,684 (100%)
Owner Occupied HU	5,899 (60.9%)
Renter Occupied HU	3,001 (31.0%)
Vacant Housing Units	784 ( 8.1%)
Median Home Value	$233,105
Average Home Value	$267,757