309 N 2nd St, Coldwater, OH, 45828 | $196/mo Cash Flow

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309 N 2nd St, Coldwater, OH, 45828 | $196/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Coldwater at 309 N 2nd St, Coldwater, OH, 45828 offers a 9.16% rental yield on a $185,000 purchase with $1,412/mo rent. Total monthly income registers $1,412/mo, and a $905/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,347/yr on $61,328 to close, and return on cash invested stands at 23.74% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 123.9% and total cumulative return in cash at $75,987. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,412/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1952

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 309 N 2nd Street in Coldwater! This homes space will surprise you! When you enter, you will love the open living / dining room and large windows for lots of light. The kitchen is also a good size with room for a table, if you chose. One bedroom is also on the main floor, with 3 more large bedrooms upstairs! The rear of the home was an addition which allowed a second full bathroom and spacious family room, great for entertaining year round, with both a gas stove, and patio doors. Don't forget the full basement. With some updating and TLC, this home is ready for some new life.