631 S Washington St, Van Wert, OH, 45891 | 3.66% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Van Wert at 631 S Washington St, Van Wert, OH, 45891 priced at $215,000 converts $656/mo rent into after a $1,052/mo obligation. Total monthly income equals $656/mo. Return on cash invested prints 7.15% in year one, and rental yield reads 3.66% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 34.99% and total cumulative return in cash sums $24,937. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $656/mo property income covering a $1,052/mo payment, not borrower’s personal income.

Single Family

Built in 1845

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautiful historical home in Van Wert is looking for its new owner! From the hard wood flooring, pocket doors and Italian marble fireplaces, this home will keep you wanting to see more. Bathrooms and kitchen have been updated. Roof, siding, windows and furnaces have all been replaced in the last 3 years. Attached guest suite on the back of the house with full bath. This is a must see the inside kind of house! All situated on almost a half an acre lot in town!

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