304 Anderson AveVan 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 304 Anderson Ave, Van Wert, OH, 45891 listed at $143,500 pairs $3,000/mo rent with a $702/mo payment to leave $2,056/mo cash flow. Total monthly income runs $3,000/mo, and annual cash flow reaches $24,677/yr on $47,570 cash to close. Return on cash invested measures 71.78% in year one, and rental yield registers 25.09% at a $143,500 basis. Equity gained on principal adds $926/yr, and annual property appreciation at 5% supports $39,646 by year five. Five-year ROI tracks 381.6% and total cumulative return in cash totals $181,529. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $702/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
8,700 sqft lot
$N/A/sqft
No HOA
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
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