1121 E Ervin Rd, Van Wert, OH, 45891 | $408/mo Cash Flow

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 Van Wert at 1121 E Ervin Rd, Van Wert, OH, 45891 earns $408/mo cash flow from $1,724/mo rent with a $979/mo payment. Total monthly income totals $1,724/mo, and annual cash flow totals $4,900/yr on $66,300 capital. ROI tracks 27.3% on current figures, and rental yield reads 10.34% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 143.02% and total cumulative return in cash sums $94,820. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,724/mo property income instead of your personal income.

Single Family

Built in 1954

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom, 1.5-bath home in a desirable neighborhood. The exterior features a classic design with a welcoming porch, perfect for sipping morning coffee or evening cocktails. The interior boasts a cozy living room with hardwood floors, and large windows that let in plenty of natural light. The kitchen is warm and inviting, with cabinets, countertops, and appliances that will stay. New roof was put on in September of 2025 with a transferable workmanship warranty. The neighborhood is filled with similar homes, each with its own unique charm. You'll enjoy strolling through the quiet streets, getting to know the neighbors, and feeling a sense of community. The area is close to parks and schools, making it an ideal location for families or professionals looking for a peaceful place to call home.

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