7538 Tournament DrWatervilleOH43566
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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
Investment property for sale in Waterville at 7538 Tournament Dr, Waterville, OH, 43566 offers a 8.98% rental yield on a $397,500 purchase with $2,976/mo rent. Total monthly income registers $2,976/mo, and a $1,946/mo payment leaves $361/mo available for distribution. Annual cash flow reaches $4,330/yr on $131,771 to close, and return on cash invested stands at 23.2% in year one. Equity gained on principal adds $2,565/yr while 5% annual appreciation supports $109,822 over five years. Portfolio math shows five-year ROI at 120.97% and total cumulative return in cash at $159,407. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,976/mo property income against a $1,946/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43566, Waterville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,828 (100%) |
| Owner Occupied HU | 2,759 (72.1%) |
| Renter Occupied HU | 753 (19.7%) |
| Vacant Housing Units | 316 ( 8.3%) |
| Median Home Value | $300,678 |
| Average Home Value | $308,016 |
Housing Distribution
Address Breakdown
Residential
3,710
Single Family
3,419
Multi-Family
291
Businesses
245
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Listed by: Rob E. Ludeman • The Danberry Co.
Mls Name: NORIS
Mls ID: #10002400