604 Cherry StWauseonOH43567
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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 Wauseon at 604 Cherry St, Wauseon, OH, 43567 uses $67,958 cash to close to unlock $6,335/yr annual cash flow and $528/mo monthly cash flow. Total monthly income runs $1,876/mo, and a $1,003/mo payment keeps the spread at $528/mo. Purchase price stands at $205,000, and rental yield measures 10.98% with $1,876/mo rent. Return on cash invested shows 29.23% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 153.35% and total cumulative return in cash records $104,214. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,876/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43567, Wauseon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,624 (100%) |
| Owner Occupied HU | 4,032 (71.7%) |
| Renter Occupied HU | 1,351 (24.0%) |
| Vacant Housing Units | 241 ( 4.3%) |
| Median Home Value | $207,676 |
| Average Home Value | $230,472 |
Housing Distribution
Address Breakdown
Residential
5,379
Single Family
5,240
Multi-Family
139
Businesses
438
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