752 Luke Chute RdWaterfordOH45786
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Waterford at 752 Luke Chute Rd, Waterford, OH, 45786 priced at $199,000 converts $2,255/mo rent into $946/mo cash flow after a $974/mo obligation. Total monthly income equals $2,255/mo, and annual cash flow totals $11,352/yr on $65,969 invested. Return on cash invested prints 37.12% in year one, and rental yield reads 13.6% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 195.72% and total cumulative return in cash sums $129,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,255/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 2008
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45786, Waterford, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,347 (100%) |
| Owner Occupied HU | 984 (73.1%) |
| Renter Occupied HU | 208 (15.4%) |
| Vacant Housing Units | 155 (11.5%) |
| Median Home Value | $195,652 |
| Average Home Value | $237,378 |
Housing Distribution
Address Breakdown
Residential
1,211
Single Family
1,211
Multi-Family
0
Businesses
36
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Nearby investment properties with comparable prices
Listed by: Loree L Rupe • e-Merge Real Estate
Mls Name: MLS Now
Mls Provider:
Mls ID: #5140555
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