726 E 3rd St, Ottawa, OH, 45875 | 7.77% Rental Yield

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726 E 3rd St, Ottawa, OH, 45875 | 7.77% Rental Yield | Ziffy

Pending

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

Total monthly income runs $1,987/mo, and a $1,503/mo payment. Purchase price stands at $307,000, and rental yield measures 7.77% with $1,987/mo rent. Return on cash invested shows 19.52% in year one, and 5% annual appreciation builds toward $84,818 over five years. Five-year ROI reaches 101.32% and total cumulative return in cash records $103,118. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,987/mo property income covering a $1,503/mo payment rather than investor’s personal income.

Single Family

Built in 1938

9,857 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully unique brick tudor home on Ottawas iconic brick 3rd Street! Built in 1938 and full of character and classic charm with modern updates and amenities! Some renovations include: New roof 2023, New central AC and natural gas furnace 2025. Completely rewired with modern romex throughout the house, as well as new electric service line, weatherhead, meter box, and 200 amp panel! Redesigned modern upstairs floor plan to include a large master suite with bedroom, walk-in-closet, and upstairs bathroom completely renovated with all new plumbing in 2020! Professionally serviced and functioning wood burning living room fireplace! Full basement, partially finished in 2021. New kitchen countertops, sink, tile floor, backsplash, and refinished cabinets in 2019. All appliances stay! 2 car detached garage with covered side patio area, shed behind garage, 2 gravel parking spaces behind shed, all on a large lot in town. Not in flood zone! Perfect location just blocks away from downtown, Saints Peter and Paul School, and Memorial Park! Dont miss your chance to own this move-in-ready one of a kind gem!

Neighborhood Data

Neighborhood data shown for ZIP Code: 45875, Ottawa, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,677 (100%)
Owner Occupied HU	3,633 (77.7%)
Renter Occupied HU	766 (16.4%)
Vacant Housing Units	278 ( 5.9%)
Median Home Value	$244,539
Average Home Value	$279,359