1097 Chippewa DrVan WertOH45891
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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
Investment property for sale in Van Wert at 1097 Chippewa Dr, Van Wert, OH, 45891 with 5% annual appreciation on a $369,000 basis while $2,729/mo rent supports operations. Total monthly income totals $2,729/mo and a $1,806/mo payment preserves $302/mo for cash returns. Annual cash flow comes to $3,622/yr on $122,324 deployed, and return on cash invested reaches 22.87% in year one. Equity gained on principal adds $2,381/yr, and five-year appreciation sums $101,948 alongside rental yield of 8.87%. Five-year ROI measures 119.23% and total cumulative return in cash totals $145,851.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,729/mo property income versus a $1,806/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,672
Single Family
6,408
Multi-Family
264
Businesses
562
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Listed by: Joshua Johnson • Gray Realty, LLC
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305180
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.