890 Wallace DrDelawareOH43015
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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 Delaware at 890 Wallace Dr, Delaware, OH, 43015 offers $2,582/mo rent that, after a $1,456/mo payment, leaves $617/mo cash flow. Total monthly income is $2,582/mo, and annual cash flow is $7,403/yr on $98,621 cash. Return on cash invested measures 27.42% in year one, and rental yield stands at 10.41% at a $297,500 entry. Equity gained on principal adds $1,920/yr while 5% annual appreciation compounds into $82,194 by year five. Five-year ROI records 143.64% and total cumulative return in cash reaches $141,655. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,582/mo property income versus a $1,456/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
7,840 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43015, Delaware, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,743 (100%) |
| Owner Occupied HU | 17,018 (66.1%) |
| Renter Occupied HU | 6,967 (27.1%) |
| Vacant Housing Units | 1,758 ( 6.8%) |
| Median Home Value | $389,232 |
| Average Home Value | $441,134 |
Housing Distribution
Address Breakdown
Residential
25,420
Single Family
24,479
Multi-Family
941
Businesses
1,396
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Listed by: Heather R Kamann • Howard Hanna Real Estate Services
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224029578
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.