508 Courtland StWellingtonOH44090
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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 Wellington at 508 Courtland St, Wellington, OH, 44090 uses $65,935 cash to close to unlock $5,894/yr annual cash flow and $491/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $974/mo payment keeps the spread at $491/mo. Purchase price stands at $198,900, and rental yield measures 10.86% with $1,800/mo rent. Return on cash invested shows 28.85% in year one, and 5% annual appreciation builds toward $54,952 over five years. Five-year ROI reaches 151.36% and total cumulative return in cash records $99,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44090, Wellington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,827 (100%) |
| Owner Occupied HU | 3,633 (75.3%) |
| Renter Occupied HU | 978 (20.3%) |
| Vacant Housing Units | 216 ( 4.5%) |
| Median Home Value | $272,917 |
| Average Home Value | $310,310 |
Housing Distribution
Address Breakdown
Residential
4,695
Single Family
4,497
Multi-Family
198
Businesses
295
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Listed by: Tony D'Eusanio Jr. • JAMM Real Estate Co.
Mls Name: MLS Now
Mls ID: #5152254