223 W 2nd StVan 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 223 W 2nd St, Van Wert, OH, 45891 listed at $189,900 pairs $1,259/mo rent with a $929/mo payment to leave $10/mo cash flow. Total monthly income runs $1,259/mo, and annual cash flow reaches $124/yr on $62,952 cash to close. Return on cash invested measures 20.11% in year one, and rental yield registers 7.96% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 104.47% and total cumulative return in cash totals $65,765. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,259/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A 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 |
|---|---|---|
| 2025-02-14 | Listed for sale | $189,900 |
| 2019-07-02 | Sold | $105,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: N/A
- Architectural Style: N/A
- Building Area: 1,440
- Living Area: 1,440 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: Carpet, Hardwood
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Garage Door Opener, Garage
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: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Tammy Reynolds • Red Oak Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306263
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.