204 Chelsea Dr, Defiance, OH, 43512 | $323/mo Cash Flow

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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

Rental property for sale in Defiance at 204 Chelsea Dr, Defiance, OH, 43512 priced at $210,000 pairs $1,794/mo rent with $323/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,794/mo, and annual cash flow comes to $3,870/yr on $69,615 invested. Return on cash invested is 25.47% in year one, and rental yield stands at 10.25% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 133.77% and total cumulative return in cash reaches $93,124. For financing, Ziffy Mortgage’s DSCR program evaluates $1,794/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2020

1 Acres lot

$N/A/sqft

$90 monthly HOA

More details about the property

2 Bed 2 Bath Condo 204 Chelsea Dr, Defiance, OH 43512-1455, United States A small association with only 6 units. The dwelling has vinyl & stone exterior and an asphalt shingle roof in good condition. There is a 1 car attached garage that houses the gas furnace and tankless water heater. The condo has central air and all public utilities. There are 2 bedrooms, 2 baths, a large kitchen with ample cupboard space, newer appliances & laminate flooring. The washer & dryer are new and housed in the large handicap accessible master bath. The master bedroom is quite spacious with a large walk in closet and the other bedroom is smaller with adequate closet space. The floor coverings throughout the home are in lovely condition. Current furnishings are negotiable. The property is also equipped with a small covered front porch & a nice size concrete patio in the back. Just the right size for a grill and patio table. Low HOA fees of $90 a month which includes yard maintenance, snow removal, and outside structure. Built in 2020. Contact 419-980-0049.

Neighborhood Data

Neighborhood data shown for ZIP Code: 43512, Defiance, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,363 (100%)
Owner Occupied HU	8,624 (69.8%)
Renter Occupied HU	2,897 (23.4%)
Vacant Housing Units	842 ( 6.8%)
Median Home Value	$171,984
Average Home Value	$208,081