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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Payne at 232 West St, Payne, OH, 45880 priced at $120,000 pairs $1,054/mo rent with $265/mo cash flow after a $587/mo payment. Total monthly income equals $1,054/mo, and annual cash flow comes to $3,180/yr on $39,780 invested. Return on cash invested is 27.9% in year one, and rental yield stands at 10.54% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 146.2% and total cumulative return in cash reaches $58,159. For financing, Ziffy Mortgage’s DSCR program evaluates $1,054/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
10,802 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45880, Payne, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,011 (100%) |
| Owner Occupied HU | 770 (76.2%) |
| Renter Occupied HU | 173 (17.1%) |
| Vacant Housing Units | 68 ( 6.7%) |
| Median Home Value | $166,414 |
| Average Home Value | $189,981 |
Residential
869
Single Family
869
Multi-Family
0
Businesses
53
Date | Event | Price |
|---|---|---|
| 2025-02-12 | Price change | $120,000 |
| 2025-01-03 | Price change | $125,000 |
| 2024-12-16 | Price change | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $1101.37 | 1.51% | $27,900 | N/A |
| 2022-02-14 | $1084.98 | 51.73% | $27,900 | 75.14% |
| 2021-02-14 | $715.06 | -3.41% | $15,930 | N/A |
Listed by: Tiffany Marie Meyer • Realty Five of Defiance
Mls Name: NORIS
Mls ID: #6122118
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.
