122 Alpine Dr #U-2FindlayOH45840
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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 Findlay at 122 Alpine Dr #U-2, Findlay, OH, 45840 listed at $129,900 pairs $2,080/mo rent with a $636/mo payment to leave $1,045/mo cash flow. Total monthly income runs $2,080/mo, and annual cash flow reaches $12,544/yr on $43,062 cash to close. Return on cash invested measures 49.04% in year one, and rental yield registers 19.21% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 261.46% and total cumulative return in cash totals $112,591. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,080/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
N/A lot
$N/A/sqft
$180 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45840, Findlay, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,596 (100%) |
| Owner Occupied HU | 15,996 (62.5%) |
| Renter Occupied HU | 7,629 (29.8%) |
| Vacant Housing Units | 1,971 ( 7.7%) |
| Median Home Value | $242,087 |
| Average Home Value | $280,048 |
Housing Distribution
Address Breakdown
Residential
24,727
Single Family
22,387
Multi-Family
2,340
Businesses
1,610
Price History
Date | Event | Price |
|---|---|---|
| 2025-10-13 | Sold | $129,900 |
| 2025-09-16 | Contingent | $159,900 |
| 2025-07-16 | Price change | $159,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1523.90 | -0.16% | $42,900 | N/A |
| 2023-11-02 | $1526.30 | 0.35% | $42,900 | N/A |
| 2022-11-02 | $1520.96 | 13.10% | $42,900 | 29.84% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1979
- Architectural Style: N/A
- Building Area: 1,600
- Living Area: 1,600 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Primary Bathroom
- Exterior Features: N/A
- Parking Features: Asphalt, Attached Garage, Driveway
HOA & Fees
- HOA Fee: $180 monthly
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Exterior Hazard Insurance, Lawn Care, Snow Removal
Utilities
- Utilities: N/A
- Sewer: Sanitary Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Findlay Elementary Schools
- Middle School: Glenwood
- High School: Findlay
Listed by: Scott A Keller • Key Realty, LTD
Mls Name: NORIS
Mls ID: #6131627
Disclaimer: Listing 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. 2025 NORIS. All rights reserved.