541 E 3rd StOttawaOH45875
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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 Ottawa at 541 E 3rd St, Ottawa, OH, 45875 priced at $147,900 pairs $1,584/mo rent with $611/mo cash flow after a $724/mo payment. Total monthly income equals $1,584/mo, and annual cash flow comes to $7,332/yr on $49,029 invested. Return on cash invested is 34.86% in year one, and rental yield stands at 12.85% on a $147,900 basis. Equity gained on principal adds $954/yr, and 5% annual appreciation accumulates to $40,862 by year five. Five-year ROI measures 183.65% and total cumulative return in cash reaches $90,043. For financing, Ziffy Mortgage’s DSCR program evaluates $1,584/mo property income against a $724/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
9,774 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45875, Ottawa, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,677 (100%) |
| Owner Occupied HU | 3,633 (77.7%) |
| Renter Occupied HU | 766 (16.4%) |
| Vacant Housing Units | 278 ( 5.9%) |
| Median Home Value | $244,539 |
| Average Home Value | $279,359 |
Housing Distribution
Address Breakdown
Residential
4,381
Single Family
4,270
Multi-Family
111
Businesses
399
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-26 | Listed for sale | $147,900 |
| 2024-12-19 | Contingent | $147,900 |
| 2024-11-22 | Price change | $147,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1910
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,912 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Driveway, Detached, Garage, Gravel
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sanitary
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Ottawa
- Middle School: N/A
- High School: Ottawa-Glandorf
Listed by: Sue Schroeder • ERA Geyer-Noakes Realty Group
Mls Name: NORIS
Mls ID: #6120392
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. 2024 NORIS. All rights reserved.