383 Maumee River XingDefianceOH43512
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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 383 Maumee River Xing, Defiance, OH, 43512 priced at $245,000 converts $2,171/mo rent into $560/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,171/mo, and annual cash flow totals $6,715/yr on $81,218 invested. Return on cash invested prints 28.18% in year one, and rental yield reads 10.63% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 147.71% and total cumulative return in cash sums $119,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,171/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Condo
Built in 2020
N/A 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: Matt Joost • RE/MAX Realty of Defiance
Mls Name: NORIS
Mls ID: #6128732
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. 2025 NORIS. All rights reserved.