269 W Lelar StTiffinOH44883
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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
Rental property for sale in Tiffin at 269 W Lelar St, Tiffin, OH, 44883 offers $2,381/mo rent that, after a $1,738/mo payment, leaves $45/mo cash flow. Total monthly income is $2,381/mo, and annual cash flow is $545/yr on $117,683 cash. Return on cash invested measures 20.37% in year one, and rental yield stands at 8.05% at a $355,000 entry. Equity gained on principal adds $2,291/yr while 5% annual appreciation compounds into $98,080 by year five. Five-year ROI records 105.85% and total cumulative return in cash reaches $124,572. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,381/mo property income versus a $1,738/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44883, Tiffin, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,679 (100%) |
| Owner Occupied HU | 8,179 (64.5%) |
| Renter Occupied HU | 3,563 (28.1%) |
| Vacant Housing Units | 937 ( 7.4%) |
| Median Home Value | $164,499 |
| Average Home Value | $189,700 |
Housing Distribution
Address Breakdown
Residential
11,811
Single Family
11,174
Multi-Family
637
Businesses
962
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