517 W Locust StWilmingtonOH45177
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Nearby investment properties with comparable prices
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 Wilmington at 517 W Locust St, Wilmington, OH, 45177 listed at $200,200 pairs $2,906/mo rent with a $980/mo payment to leave $1,589/mo cash flow. Total monthly income runs $2,906/mo, and annual cash flow reaches $19,068/yr on $66,366 cash to close. Return on cash invested measures 48.64% in year one, and rental yield registers 17.42% at a $200,200 basis. Equity gained on principal adds $1,292/yr, and annual property appreciation at 5% supports $55,312 by year five. Five-year ROI tracks 257.42% and total cumulative return in cash totals $170,843. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,906/mo property income relative to a $980/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,426
Single Family
9,067
Multi-Family
359
Businesses
906
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A