305 Melody LnDefianceOH43512
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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 Defiance at 305 Melody Ln, Defiance, OH, 43512 priced at $202,000 pairs $1,925/mo rent with $596/mo cash flow after a $989/mo payment. Total monthly income equals $1,925/mo, and annual cash flow comes to $7,152/yr on $66,963 invested. Return on cash invested is 30.59% in year one, and rental yield stands at 11.44% on a $202,000 basis. Equity gained on principal adds $1,303/yr, and 5% annual appreciation accumulates to $55,809 by year five. Five-year ROI measures 160.6% and total cumulative return in cash reaches $107,544. For financing, Ziffy Mortgage’s DSCR program evaluates $1,925/mo property income against a $989/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43512, Defiance, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,363 (100%) |
| Owner Occupied HU | 8,624 (69.8%) |
| Renter Occupied HU | 2,897 (23.4%) |
| Vacant Housing Units | 842 ( 6.8%) |
| Median Home Value | $171,984 |
| Average Home Value | $208,081 |
Housing Distribution
Address Breakdown
Residential
12,165
Single Family
11,925
Multi-Family
240
Businesses
922
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Listed by: Sara Weber • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307635
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