709 Wayne AveDefianceOH43512
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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 Defiance at 709 Wayne Ave, Defiance, OH, 43512 priced at $115,000 pairs $905/mo rent with $148/mo cash flow after a $563/mo payment. Total monthly income equals $905/mo, and annual cash flow comes to $1,781/yr on $38,123 invested. Return on cash invested is 24.58% in year one, and rental yield stands at 9.44% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 128.48% and total cumulative return in cash reaches $48,981. For financing, Ziffy Mortgage’s DSCR program evaluates $905/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1880
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43512, Defiance, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,363 (100%) |
| Owner Occupied HU | 8,624 (69.8%) |
| Renter Occupied HU | 2,897 (23.4%) |
| Vacant Housing Units | 842 ( 6.8%) |
| Median Home Value | $171,984 |
| Average Home Value | $208,081 |
Housing Distribution
Address Breakdown
Residential
12,165
Single Family
11,925
Multi-Family
240
Businesses
922
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