5117 Lake Shore DrDefianceOH43512
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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 5117 Lake Shore Dr, Defiance, OH, 43512 generates $2,194/mo in rent and, after a $940/mo payment, leaves $923/mo in cash flow. Total monthly income is $2,194/mo, and annual cash flow is $11,077/yr on $63,648 invested. Return on cash invested sits at 37.31% in year one, and rental yield is 13.71% on a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 196.82% and total cumulative return in cash sums $125,272. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,194/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
7,840 sqft 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: Matthew Joost • RE/MAX Realty of Defiance
Mls Name: NORIS
Mls ID: #6131072
Disclaimer: Listing 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.