602 N Wayne StKentonOH43326
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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 Kenton at 602 N Wayne St, Kenton, OH, 43326 priced at $149,900 converts $1,194/mo rent into $208/mo cash flow after a $734/mo obligation. Total monthly income equals $1,194/mo, and annual cash flow totals $2,492/yr on $49,692 invested. Return on cash invested prints 24.92% in year one, and rental yield reads 9.56% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 130.28% and total cumulative return in cash sums $64,739. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,194/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,160 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43326, Kenton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,867 (100%) |
| Owner Occupied HU | 3,777 (64.4%) |
| Renter Occupied HU | 1,558 (26.6%) |
| Vacant Housing Units | 532 ( 9.1%) |
| Median Home Value | $160,071 |
| Average Home Value | $183,115 |
Housing Distribution
Address Breakdown
Residential
5,575
Single Family
5,241
Multi-Family
334
Businesses
487
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