550 Wallace AveBowling GreenOH43402
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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 Bowling Green at 550 Wallace Ave, Bowling Green, OH, 43402 uses $94,478 cash to close to unlock $8,835/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $2,611/mo, and a $1,395/mo payment keeps the spread at $736/mo. Purchase price stands at $285,000, and rental yield measures 10.99% with $2,611/mo rent. Return on cash invested shows 29.26% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 153.53% and total cumulative return in cash records $145,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,611/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43402, Bowling Green, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,655 (100%) |
| Owner Occupied HU | 7,083 (45.2%) |
| Renter Occupied HU | 7,456 (47.6%) |
| Vacant Housing Units | 1,116 ( 7.1%) |
| Median Home Value | $261,690 |
| Average Home Value | $287,626 |
Housing Distribution
Address Breakdown
Residential
14,795
Single Family
11,079
Multi-Family
3,716
Businesses
1,151
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Listed by: Bryan Hartzler • The Danberry Co
Mls Name: NORIS
Mls ID: #6127116
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. 2025 NORIS. All rights reserved.