513 North StWatervilleOH43566
Nearby investment properties with comparable rents
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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 Waterville at 513 North St, Waterville, OH, 43566 priced at $270,000 converts $2,206/mo rent into $430/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,206/mo, and annual cash flow totals $5,154/yr on $89,505 invested. Return on cash invested prints 25.67% in year one, and rental yield reads 9.8% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 134.25% and total cumulative return in cash sums $120,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,206/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1887
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43566, Waterville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,759 (72.1%) |
| Renter Occupied HU | 753 (19.7%) |
| Vacant Housing Units | 316 ( 8.3%) |
| Median Home Value | $300,678 |
| Average Home Value | $308,016 |
Housing Distribution
Address Breakdown
Residential
3,710
Single Family
3,419
Multi-Family
291
Businesses
245
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Listed by: Todd C. Richard • Loss Realty Group
Mls Name: NORIS
Mls ID: #6136668