618 Welsted StNapoleonOH43545
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Napoleon at 618 Welsted St, Napoleon, OH, 43545 offers $1,817/mo rent that, after a $734/mo payment, leaves $831/mo cash flow. Total monthly income is $1,817/mo, and annual cash flow is $9,968/yr on $49,692 cash. Return on cash invested measures 39.97% in year one, and rental yield stands at 14.55% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 210.96% and total cumulative return in cash reaches $104,831. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,817/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43545, Napoleon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,245 (100%) |
| Owner Occupied HU | 4,492 (71.9%) |
| Renter Occupied HU | 1,381 (22.1%) |
| Vacant Housing Units | 372 ( 6.0%) |
| Median Home Value | $198,633 |
| Average Home Value | $235,280 |
Housing Distribution
Address Breakdown
Residential
6,073
Single Family
5,794
Multi-Family
279
Businesses
497
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Listed by: Matthew Robert Watson • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #6118865
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.