715 Woodridge DrCridersvilleOH45806
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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 Cridersville at 715 Woodridge Dr, Cridersville, OH, 45806 priced at $350,000 converts $2,813/mo rent into $511/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,813/mo, and annual cash flow totals $6,130/yr on $116,025 invested. Return on cash invested prints 25.19% in year one, and rental yield reads 9.64% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 131.67% and total cumulative return in cash sums $152,774. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,813/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,840 (76.0%) |
| Renter Occupied HU | 884 (17.5%) |
| Vacant Housing Units | 326 ( 6.5%) |
| Median Home Value | $208,345 |
| Average Home Value | $240,161 |
Housing Distribution
Address Breakdown
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
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Listed by: Jacob McKissick • Dye Real Estate & Land Company
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307283
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.