540 Independence DrWatervilleOH43566
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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 540 Independence Dr, Waterville, OH, 43566 generates $2,267/mo in rent and, after a $1,404/mo payment, leaves $380/mo in cash flow. Total monthly income is $2,267/mo, and annual cash flow is $4,561/yr on $95,107 invested. Return on cash invested sits at 24.7% in year one, and rental yield is 9.48% on a $286,900 entry. Equity gained on principal adds $1,851/yr, while 5% annual appreciation builds toward $79,265 over five years. Five-year ROI reaches 129.09% and total cumulative return in cash sums $122,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,267/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.32 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: Patrick Kijowski • Serenity Realty LLC
Mls Name: NORIS
Mls ID: #10001207