820 Springdale DrPauldingOH45879
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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 Paulding at 820 Springdale Dr, Paulding, OH, 45879 priced at $199,900 converts $1,440/mo rent into $126/mo cash flow after a $978/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $1,506/yr on $66,267 invested. Return on cash invested prints 22.18% in year one, and rental yield reads 8.64% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 115.57% and total cumulative return in cash sums $76,585. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.32 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45879, Paulding, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,713 (100%) |
| Owner Occupied HU | 1,749 (64.5%) |
| Renter Occupied HU | 690 (25.4%) |
| Vacant Housing Units | 274 (10.1%) |
| Median Home Value | $150,631 |
| Average Home Value | $198,675 |
Housing Distribution
Address Breakdown
Residential
2,595
Single Family
2,576
Multi-Family
19
Businesses
271
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $199,900 |
| 2015-09-28 | Sold | $93,000 |
| 2015-09-02 | Pending sale | $93,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-24 | $1889.90 | 2.16% | $42,110 | N/A |
| 2022-03-24 | $1849.86 | 8.66% | $42,110 | 21.39% |
| 2021-03-24 | $1702.40 | 11.81% | $34,690 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1983
- Architectural Style: Ranch
- Building Area: 1,218
- Living Area: 1,218 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Electric
- Cooling: Window Unit(s)
- Flooring: Hardwood, Tile
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Garage Door Opener
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Water Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Robert Miller • Straley Realty & Auctioneers- Van Wert
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306543
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.