65 W Van Lake DrVandaliaOH45377
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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
Investment property for sale in Vandalia at 65 W Van Lake Dr, Vandalia, OH, 45377 uses $36,299 cash to close to unlock $1,760/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $867/mo, and a $536/mo payment keeps the spread at $147/mo. Purchase price stands at $109,500, and rental yield measures 9.5% with $867/mo rent. Return on cash invested shows 24.76% in year one, and 5% annual appreciation builds toward $30,253 over five years. Five-year ROI reaches 129.39% and total cumulative return in cash records $46,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $867/mo property income covering a $536/mo payment rather than investor’s personal income.
Condo
Built in 1979
1,167 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45377, Vandalia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 4,279 (62.2%) |
| Renter Occupied HU | 2,275 (33.0%) |
| Vacant Housing Units | 330 ( 4.8%) |
| Median Home Value | $225,533 |
| Average Home Value | $250,948 |
Housing Distribution
Address Breakdown
Residential
6,737
Single Family
5,938
Multi-Family
799
Businesses
686
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