221 S Cherry StPauldingOH45879
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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 Paulding at 221 S Cherry St, Paulding, OH, 45879 listed at $154,900 pairs $1,440/mo rent with a $758/mo payment to leave $421/mo cash flow. Total monthly income runs $1,440/mo, and annual cash flow reaches $5,055/yr on $51,349 cash to close. Return on cash invested measures 29.75% in year one, and rental yield registers 11.16% at a $154,900 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,796 by year five. Five-year ROI tracks 156.22% and total cumulative return in cash totals $80,216. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,440/mo property income relative to a $758/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1913
0.28 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45879, Paulding, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,713 (100%) |
| Owner Occupied HU | 1,749 (64.5%) |
| Renter Occupied HU | 690 (25.4%) |
| Vacant Housing Units | 274 (10.1%) |
| Median Home Value | $150,631 |
| Average Home Value | $198,675 |
Housing Distribution
Address Breakdown
Residential
2,595
Single Family
2,576
Multi-Family
19
Businesses
271
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Price change | $154,900 |
| 2024-12-20 | Listed for sale | $164,900 |
| 2009-10-14 | Sold | $17,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-18 | $1492.66 | 2.83% | $32,590 | N/A |
| 2022-04-18 | $1451.62 | 19.36% | $32,590 | 33.95% |
| 2021-04-18 | $1216.14 | 11.35% | $24,330 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1913
- Architectural Style: Bungalow,One Story
- Building Area: N/A
- Living Area: 1,596 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Radiant
- Cooling: None, Window Unit(s)
- Flooring: N/A
- Interior Features: Electric Range Connection
- Exterior Features: N/A
- Parking Features: Attached, Driveway, Garage, Gravel, Garage Door Opener
Location
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: Sanitary
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Paulding
- Middle School: N/A
- High School: Paulding
Listed by: Chester M Straley • Straley Realty Auctioneers Inc
Mls Name: NORIS
Mls ID: #6128550
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. 2025 NORIS. All rights reserved.