504 Wayne StColumbus GroveOH45830
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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 Columbus Grove at 504 Wayne St, Columbus Grove, OH, 45830 generates $2,040/mo in rent and, after a $532/mo payment, leaves $1,325/mo in cash flow. Total monthly income is $2,040/mo, and annual cash flow is $15,900/yr on $36,034 invested. Return on cash invested sits at 64.03% in year one, and rental yield is 22.52% on a $108,700 entry. Equity gained on principal adds $701/yr, while 5% annual appreciation builds toward $30,032 over five years. Five-year ROI reaches 340.11% and total cumulative return in cash sums $122,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,040/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45830, Columbus Grove, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,420 (100%) |
| Owner Occupied HU | 1,937 (80.0%) |
| Renter Occupied HU | 326 (13.5%) |
| Vacant Housing Units | 157 ( 6.5%) |
| Median Home Value | $216,322 |
| Average Home Value | $242,332 |
Housing Distribution
Address Breakdown
Residential
2,279
Single Family
2,279
Multi-Family
0
Businesses
99
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Listed by: Bradley Anderson • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305433
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.