142 Gleason AveVan 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
Rental property for sale in Van Wert at 142 Gleason Ave, Van Wert, OH, 45891 priced at $120,000 converts $943/mo rent into $154/mo cash flow after a $587/mo obligation. Total monthly income equals $943/mo, and annual cash flow totals $1,848/yr on $39,780 invested. Return on cash invested prints 24.55% in year one, and rental yield reads 9.43% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 128.25% and total cumulative return in cash sums $51,019. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $943/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
3,498 sqft 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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