1035 Schultz StDefianceOH43512
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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 Defiance at 1035 Schultz St, Defiance, OH, 43512 generates $1,846/mo in rent and, after a $1,101/mo payment, leaves $366/mo in cash flow. Total monthly income is $1,846/mo, and annual cash flow is $4,397/yr on $74,554 invested. Return on cash invested sits at 25.81% in year one, and rental yield is 9.85% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 135.01% and total cumulative return in cash sums $100,657. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,846/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,801 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 43512, Defiance, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,363 (100%) |
| Owner Occupied HU | 8,624 (69.8%) |
| Renter Occupied HU | 2,897 (23.4%) |
| Vacant Housing Units | 842 ( 6.8%) |
| Median Home Value | $171,984 |
| Average Home Value | $208,081 |
Housing Distribution
Address Breakdown
Residential
12,165
Single Family
11,925
Multi-Family
240
Businesses
922
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-30 | Listed for sale | $224,900 |
| 2015-07-10 | Sold | $117,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-08 | $2187.00 | 19.24% | $58,080 | 32.66% |
| 2022-01-08 | $1834.18 | -0.35% | $43,780 | N/A |
| 2021-01-08 | $1840.54 | -0.78% | $43,780 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1950
- Architectural Style: Two Story
- Building Area: N/A
- Living Area: 1,908 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: Central Air, Attic Fan
- Flooring: N/A
- Interior Features: Electric Range Connection
- Exterior Features: Fence
- Parking Features: Attached, Concrete, Driveway, Detached, Garage, Garage Door Opener
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sanitary
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Defiance
- Middle School: N/A
- High School: Defiance
Listed by: Carissa Kost • Go Giver Real Estate
Mls Name: NORIS
Mls ID: #6124487
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. 2024 NORIS. All rights reserved.