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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wapakoneta at 1004 Springwood Ln, Wapakoneta, OH, 45895 offers $2,270/mo rent that, after a $900/mo payment, leaves $1,060/mo cash flow. Total monthly income is $2,270/mo, and annual cash flow is $12,725/yr on $60,963 cash. Return on cash invested measures 40.78% in year one, and rental yield stands at 14.81% at a $183,900 entry. Equity gained on principal adds $1,187/yr while 5% annual appreciation compounds into $50,808 by year five. Five-year ROI records 215.33% and total cumulative return in cash reaches $131,273. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,270/mo property income versus a $900/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45895, Wapakoneta, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,701 (100%) |
| Owner Occupied HU | 5,600 (72.7%) |
| Renter Occupied HU | 1,676 (21.8%) |
| Vacant Housing Units | 425 ( 5.5%) |
| Median Home Value | $184,875 |
| Average Home Value | $216,385 |
Residential
7,523
Single Family
7,281
Multi-Family
242
Businesses
545
Date | Event | Price |
|---|---|---|
| 2024-08-01 | Listed for sale | $183,900 |
| 2024-07-25 | Listing removed | $183,900 |
| 2024-07-18 | Listed for sale | $183,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-09-14 | $1383.62 | -0.01% | $38,570 | N/A |
| 2021-09-14 | $1383.76 | -0.29% | $38,570 | N/A |
| 2020-09-14 | $1387.78 | 16.40% | $38,570 | 21.29% |
Listed by: Pattie Armstrong • Brokers Real Estate
Mls Name: WRIST
Mls Provider:
Mls ID: #1033136
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.
