633 N Washington St, Van Wert, OH, 45891 | $141/mo Cash Flow

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 633 N Washington St, Van Wert, OH, 45891 generates $1,259/mo in rent and, after a $832/mo payment, leaves $141/mo in cash flow. Total monthly income is $1,259/mo, and annual cash flow is $1,692/yr on $56,322 invested. Return on cash invested sits at 22.91% in year one, and rental yield is 8.89% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 119.47% and total cumulative return in cash sums $67,286. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,259/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

8,976 sqft lot

$N/A/sqft

No HOA

More details about the property

Completely Remodeled and move-in ready! This home has been meticulously updated, including: New kitchen with Quartz counters, new flooring throughout, new paint throughout, and a new deck. There are 3 spacious bedrooms upstairs, along with the potential for a 4th bedroom on the main floor (or use as an office/formal dining room). This home has a newer furnace, and central A/C, new water heater, and a basement for additional storage. Also included is a single car garage and a FENCED back yard. You won't find a better house at this price! Agent is owner

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