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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Findlay at 505 W Hobart Ave, Findlay, OH, 45840 offers $2,572/mo rent that, after a $1,855/mo payment, leaves $79/mo cash flow. Total monthly income is $2,572/mo, and annual cash flow is $948/yr on $125,639 cash. Return on cash invested measures 20.66% in year one, and rental yield stands at 8.14% at a $379,000 entry. Equity gained on principal adds $2,446/yr while 5% annual appreciation compounds into $104,711 by year five. Five-year ROI records 107.43% and total cumulative return in cash reaches $134,975. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,572/mo property income versus a $1,855/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45840, Findlay, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,596 (100%) |
| Owner Occupied HU | 15,996 (62.5%) |
| Renter Occupied HU | 7,629 (29.8%) |
| Vacant Housing Units | 1,971 ( 7.7%) |
| Median Home Value | $242,087 |
| Average Home Value | $280,048 |
Residential
24,727
Single Family
22,387
Multi-Family
2,340
Businesses
1,610
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $379,000 |
| 2022-07-01 | Sold | $315,000 |
| 2022-06-20 | Contingent | $337,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-31 | $3390.62 | 0.35% | $95,300 | N/A |
| 2022-03-31 | $3378.72 | -9.04% | $95,300 | 7.16% |
| 2021-03-31 | $3714.62 | 2.64% | $88,930 | N/A |
Listed by: Peter Van Niel • Key Realty LTD
Mls Name: NORIS
Mls ID: #6127706
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.
