The Magellan Plan, Timber GlenWilmingtonOH45177
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 Wilmington at The Magellan Plan, Timber Glen, Wilmington, OH, 45177 priced at $313,300 converts $2,245/mo rent into $185/mo cash flow after a $1,533/mo obligation. Total monthly income equals $2,245/mo, and annual cash flow totals $2,215/yr on $103,859 invested. Return on cash invested prints 22.04% in year one, and rental yield reads 8.6% against a $313,300 entry. Equity gained on principal adds $2,022/yr, while 5% annual appreciation compiles into $86,559 by year five. Five-year ROI reaches 114.8% and total cumulative return in cash sums $119,232. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,245/mo property income covering a $1,533/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45177, Wilmington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,684 (100%) |
| Owner Occupied HU | 5,899 (60.9%) |
| Renter Occupied HU | 3,001 (31.0%) |
| Vacant Housing Units | 784 ( 8.1%) |
| Median Home Value | $233,105 |
| Average Home Value | $267,757 |
Housing Distribution
Address Breakdown
Residential
9,426
Single Family
9,067
Multi-Family
359
Businesses
906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Cristo Homes
Mls Name: Cristo Homes
Mls Provider:
Mls ID: #N/A