485 Neel 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 485 Neel Ave, Van Wert, OH, 45891 listed at $249,900 pairs $1,784/mo rent with a $1,223/mo payment to leave $140/mo cash flow. Total monthly income runs $1,784/mo, and annual cash flow reaches $1,684/yr on $82,842 cash to close. Return on cash invested measures 21.94% in year one, and rental yield registers 8.57% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 114.28% and total cumulative return in cash totals $94,670. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,784/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.81 Acres 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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