1006 Kear Rd, Van Wert, OH, 45891 | $551/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1006 Kear Rd, Van Wert, OH, 45891 | $551/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Van Wert at 1006 Kear Rd, Van Wert, OH, 45891 earns $551/mo cash flow from $1,537/mo rent with a $734/mo payment. Total monthly income totals $1,537/mo, and annual cash flow totals $6,608/yr on $49,692 capital. ROI tracks 33.21% on current figures, and rental yield reads 12.3% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 174.69% and total cumulative return in cash sums $86,807. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,537/mo property income instead of your personal income.

Single Family

Built in 1992

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Ranch on Double Lot - Modern Comfort in Van Wert This well-maintained ranch-style home, built in 1992, offers a rare opportunity in the Van Wert market where most homes are much older, especially in this price range! With only a few steps, this home is ideal for buyers seeking easy, single-level living in a modern layout. Inside, you'll find 988 square feet of thoughtfully designed space, featuring 3 bedrooms and 1 full bathroom. The home is compact yet comfortable, with a layout that maximizes every inch of space. The attached garage adds everyday convenience, and the roof is in great condition, offering peace of mind. Outside is where this property really shinessituated on a double lot, the massive fenced-in backyard features a high-quality vinyl fence, large mature trees, and a rear deck perfect for relaxing or entertaining. A storage shed adds function and flexibility. With great curb appeal and a modern feel throughout, this home is a standout choice for anyone looking to enjoy the charm of Van Wert with the benefits of a newer build. Don't miss your chance at this move-in ready gem!

Neighborhood Data

Neighborhood data shown for ZIP Code: 45891, Van Wert, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,012 (100%)
Owner Occupied HU	4,579 (65.3%)
Renter Occupied HU	1,860 (26.5%)
Vacant Housing Units	573 ( 8.2%)
Median Home Value	$156,533
Average Home Value	$189,951