111 E Mechanic StWapakonetaOH45895
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Nearby investment properties with comparable prices
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 Wapakoneta at 111 E Mechanic St, Wapakoneta, OH, 45895 priced at $125,000 converts $972/mo rent into $150/mo cash flow after a $612/mo obligation. Total monthly income equals $972/mo, and annual cash flow totals $1,795/yr on $41,438 invested. Return on cash invested prints 24.24% in year one, and rental yield reads 9.33% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 126.62% and total cumulative return in cash sums $52,469. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $972/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1890
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45895, Wapakoneta, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,523
Single Family
7,281
Multi-Family
242
Businesses
545
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Listed by: Hector Hernandez • Cisco Realty
Mls Name: WRIST
Mls ID: #1034316