751 Spink StWoosterOH44691
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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 Wooster at 751 Spink St, Wooster, OH, 44691 priced at $173,700 converts $1,675/mo rent into $533/mo cash flow after a $850/mo obligation. Total monthly income equals $1,675/mo, and annual cash flow totals $6,391/yr on $57,582 invested. Return on cash invested prints 31.01% in year one, and rental yield reads 11.57% against a $173,700 entry. Equity gained on principal adds $1,121/yr, while 5% annual appreciation compiles into $47,990 by year five. Five-year ROI reaches 162.9% and total cumulative return in cash sums $93,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,675/mo property income covering a $850/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44691, Wooster, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,191 (100%) |
| Owner Occupied HU | 12,097 (63.0%) |
| Renter Occupied HU | 5,925 (30.9%) |
| Vacant Housing Units | 1,169 ( 6.1%) |
| Median Home Value | $253,694 |
| Average Home Value | $291,966 |
Housing Distribution
Address Breakdown
Residential
18,463
Single Family
17,071
Multi-Family
1,392
Businesses
1,629
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