1101 State Route 114, Payne, OH, 45880 | $20/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1101 State Route 114, Payne, OH, 45880 | $20/mo Cash Flow | Ziffy

For Sale

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 Payne at 1101 State Route 114, Payne, OH, 45880 listed at $279,900 pairs $1,861/mo rent with a $1,370/mo payment to leave $20/mo cash flow. Total monthly income runs $1,861/mo, and annual cash flow reaches $238/yr on $92,787 cash to close. Return on cash invested measures 20.17% in year one, and rental yield registers 7.98% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 104.73% and total cumulative return in cash totals $97,177. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,861/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1981

1.67 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience rural living at its finest. Welcome to your new home! Located at 1101 St Rt 114 in Payne, just off the State Line, providing easy access to Ft. Wayne, Payne, and Van Wert within a 20-minute radius. As you arrive, you'll be greeted by a spacious yard with mature trees and a charming brick front, setting the tone for a relaxing atmosphere. This beautifully updated home features solid surface countertops, a cozy fireplace, and a expansive master suite complete with a massive closet and private on-suite bathroom. Two additional bedrooms offer flexibility for children, guests, or a home office. The sunroom provides a delightful bonus space overlooking the expansive backyard, perfect for unwinding. New roof in 2016, all new windows, updates to flooring and more! This home is a must see.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45880, Payne, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,011 (100%)
Owner Occupied HU	770 (76.2%)
Renter Occupied HU	173 (17.1%)
Vacant Housing Units	68 ( 6.7%)
Median Home Value	$166,414
Average Home Value	$189,981