7641 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
Rental property for sale in Waterville at 7641 Tournament Dr, Waterville, OH, 43566 generates $2,952/mo in rent and, after a $2,105/mo payment, leaves $123/mo in cash flow. Total monthly income is $2,952/mo, and annual cash flow is $1,478/yr on $142,545 invested. Return on cash invested sits at 20.95% in year one, and rental yield is 8.24% on a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 108.93% and total cumulative return in cash sums $155,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,952/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.33 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: Lindsey LaBounty • Key Realty LTD
Mls Name: NORIS
Mls ID: #10000664