18698 Road 48Grover HillOH45849
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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 Grover Hill at 18698 Road 48, Grover Hill, OH, 45849 offers a 10.77% rental yield on a $185,000 purchase with $1,661/mo rent. Total monthly income registers $1,661/mo, and a $905/mo payment leaves $445/mo available for distribution. Annual cash flow reaches $5,335/yr on $61,328 to close, and return on cash invested stands at 28.61% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 150.02% and total cumulative return in cash at $92,007. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,661/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45849, Grover Hill, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 477 (100%) |
| Owner Occupied HU | 372 (78.0%) |
| Renter Occupied HU | 52 (10.9%) |
| Vacant Housing Units | 53 (11.1%) |
| Median Home Value | $158,333 |
| Average Home Value | $176,801 |
Housing Distribution
Address Breakdown
Residential
355
Single Family
355
Multi-Family
0
Businesses
20
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-20 | Sold | $185,000 |
| 2025-05-15 | Pending sale | $184,900 |
| 2025-05-10 | Listed for sale | $184,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $972.33 | -1.93% | $41,020 | N/A |
| 2023-10-21 | $991.45 | -4.19% | $41,020 | N/A |
| 2022-10-21 | $1034.81 | 13.54% | $41,020 | 21.18% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1976
- Architectural Style: Ranch
- Building Area: 1,684
- Living Area: 1,684 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Heat Pump, Natural Gas
- Cooling: Central Air
- Flooring: Carpet, Laminate, Vinyl
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Garage Door Opener, Attached
Location
- City: Grover Hill
- State: OH
- Subdivision: N/A
- Lot Size: N/A
- Lot Features: Shaded Lot, Wooded
- View: N/A
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: N/A
- 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: Warren Straley • Straley Realty & Auctioneers- Van Wert
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307008
Disclaimer: IDX 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.