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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ottawa at 740 E Main St, Ottawa, OH, 45875 priced at $185,000 converts $1,019/mo rent into after a $905/mo obligation. Total monthly income equals $1,019/mo. Return on cash invested prints 16.05% in year one, and rental yield reads 6.61% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 82.67% and total cumulative return in cash sums $50,703. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,019/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1928
5,700 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45875, Ottawa, OH area.
| 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 |
Residential
4,381
Single Family
4,270
Multi-Family
111
Businesses
399
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Susan Schroeder • ERA Geyer-Noakes Realty Group
Mls Name: NORIS
Mls ID: #10001068
