702 Grove StWalbridgeOH43465
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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 Walbridge at 702 Grove St, Walbridge, OH, 43465 priced at $217,000 pairs $3,102/mo rent with $1,675/mo cash flow after a $1,062/mo payment. Total monthly income equals $3,102/mo, and annual cash flow comes to $20,097/yr on $71,936 invested. Return on cash invested is 47.85% in year one, and rental yield stands at 17.15% on a $217,000 basis. Equity gained on principal adds $1,400/yr, and 5% annual appreciation accumulates to $59,953 by year five. Five-year ROI measures 253.18% and total cumulative return in cash reaches $182,129. For financing, Ziffy Mortgage’s DSCR program evaluates $3,102/mo property income against a $1,062/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
10,824 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43465, Walbridge, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,877 (68.6%) |
| Renter Occupied HU | 655 (23.9%) |
| Vacant Housing Units | 206 ( 7.5%) |
| Median Home Value | $156,226 |
| Average Home Value | $155,121 |
Housing Distribution
Address Breakdown
Residential
2,738
Single Family
2,368
Multi-Family
370
Businesses
118
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Listed by: Kelly Latz • Howard Hanna
Mls Name: NORIS
Mls ID: #6118280
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. 2024 NORIS. All rights reserved.