16742 Defiance TrlVan 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
Investment property for sale in Van Wert at 16742 Defiance Trl, Van Wert, OH, 45891 listed at $205,000 pairs $1,631/mo rent with a $1,003/mo payment to leave $283/mo cash flow. Total monthly income runs $1,631/mo, and annual cash flow reaches $3,395/yr on $67,958 cash to close. Return on cash invested measures 24.9% in year one, and rental yield registers 9.55% at a $205,000 basis. Equity gained on principal adds $1,323/yr, and annual property appreciation at 5% supports $56,638 by year five. Five-year ROI tracks 130.13% and total cumulative return in cash totals $88,434. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,631/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
0.46 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-13 | Price change | $205,000 |
| 2024-10-12 | Price change | $214,000 |
| 2024-09-09 | Listed for sale | $219,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $2595.80 | 27.75% | $39,570 | 35.79% |
| 2022-11-20 | $2031.94 | -0.24% | $29,140 | N/A |
| 2021-11-20 | $2036.88 | N/A | $29,140 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1967
- Architectural Style: Ranch
- Building Area: 1,680
- Living Area: 1,680 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Baseboard
- Cooling: Window Unit(s)
- Flooring: Carpet, Vinyl
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected
- Sewer: Septic Tank
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Michelle Gunter • Bee Gee Realty & Auction Company
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305074
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