308 Carpenter RdDefianceOH43512
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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 308 Carpenter Rd, Defiance, OH, 43512 priced at $305,000 pairs $1,786/mo rent with after a $1,493/mo payment. Total monthly income equals $1,786/mo. Return on cash invested is 17.29% in year one, and rental yield stands at 7.03% on a $305,000 basis. Equity gained on principal adds $1,968/yr, and 5% annual appreciation accumulates to $84,266 by year five. Five-year ROI measures 89.33% and total cumulative return in cash reaches $90,322. For financing, Ziffy Mortgage’s DSCR program evaluates $1,786/mo property income against a $1,493/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.56 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-04 | Listed for sale | $305,000 |
| 2011-06-15 | Sold | $100,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-08 | $1956.54 | -25.03% | $50,650 | -16.63% |
| 2022-01-08 | $2609.86 | -0.34% | $60,750 | N/A |
| 2021-01-08 | $2618.74 | -0.78% | $60,750 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1950
- Architectural Style: One Story
- Building Area: N/A
- Living Area: 1,888 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Electric Range Connection, Bath in Primary Bedroom, Cable TV, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Attached, Concrete, Driveway, Garage, Storage, Garage Door Opener
Location
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: Sanitary
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Defiance
- Middle School: N/A
- High School: Defiance
Listed by: Christina Switzer • Sam Switzer Realty LLC
Mls Name: NORIS
Mls ID: #6124520
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. 2024 NORIS. All rights reserved.