6349 Bobolink Rd, Payne, OH, 45880 | $36/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Payne at 6349 Bobolink Rd, Payne, OH, 45880 generates $1,844/mo in rent and, after a $1,346/mo payment, leaves $36/mo in cash flow. Total monthly income is $1,844/mo, and annual cash flow is $435/yr on $91,129 invested. Return on cash invested sits at 20.39% in year one, and rental yield is 8.05% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 105.94% and total cumulative return in cash sums $96,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,844/mo property income rather than buyer’s personal income.

Single Family

Built in 1972

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

One story, ranch style house that sits on large corner lot with fenced in back yard. Located in Payne, OH and in the Wayne Trace school district. Many new interior updates. Four bedrooms, 3 bathrooms, large kitchen, in-ground pool, hot tub, 2 family rooms, one equipped with a fire place. New roof installed August 2024, New garage door April 2025, Reverse osmosis filtration system added 2023, Newer water softener 2023, Pool shed with 1/2 bath, Second large storage shed added 2022, Geothermal heat/air, Split floor-plan with 2 Master Bedrooms.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45880, Payne, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,011 (100%)
Owner Occupied HU	770 (76.2%)
Renter Occupied HU	173 (17.1%)
Vacant Housing Units	68 ( 6.7%)
Median Home Value	$166,414
Average Home Value	$189,981