205 N Chestnut St, Van Wert, OH, 45891 | 4.15% Rental Yield

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205 N Chestnut St, Van Wert, OH, 45891 | 4.15% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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 Van Wert at 205 N Chestnut St, Van Wert, OH, 45891 offers $656/mo rent that, after a $929/mo payment. Total monthly income is $656/mo. Return on cash invested measures 8.61% in year one, and rental yield stands at 4.15% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 42.82% and total cumulative return in cash reaches $26,957. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $656/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

4,321 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this spacious and cheerful 1,608 sq ft ranch that sits proudly on two city lots! With 4 bedrooms and 2 full baths, this home offers plenty of room to stretch out, grow, and make memories. You'll love the curb appeal with its brand-new vinyl siding, replacement windows, and a newer roofall the big updates are already done for you! Step inside to find bright and inviting living spaces, freshened-up bathrooms, and an easy-flow floor plan that makes everyday life a breeze. The kitchen and dining area open nicely to the living room, creating the perfect setting for family dinners or game nights with friends. Outside, you'll appreciate the huge 28' x 30' heated garagea dream setup for anyone who loves to tinker, work on projects, or simply keep cars cozy in the winter. There's also a handy detached shed for extra storage and a large concrete driveway that offers plenty of parking for guests. This property combines the convenience of city living with the space and freedom of a double lot, giving you room for gardening, playing, or just relaxing outdoors. With so many updates and so much charm, this one is ready for you to move right in and start enjoying!

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