8481 Boroff Rd, Van Wert, OH, 45891 | $322/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8481 Boroff Rd, Van Wert, OH, 45891 | $322/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Van Wert at 8481 Boroff Rd, Van Wert, OH, 45891 offers a 9.1% rental yield on a $319,900 purchase with $2,426/mo rent. Total monthly income registers $2,426/mo, and a $1,566/mo payment leaves $322/mo available for distribution. Annual cash flow reaches $3,858/yr on $106,047 to close, and return on cash invested stands at 23.55% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 122.88% and total cumulative return in cash at $130,316. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,426/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

2 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for a large country home that checks all the boxes? This freshly remodeled 5-bedroom three-bathroom home has it all! The two-acre lot consists of multiple outbuildings and garages, fruit trees and other mature trees, and a small fishing pond. MANY updates to the home, including a new roof, new Lenox heating and cooling systems and ductwork, new plumbing and sewage lines, new electrical, new water heater and water softener, some new drywall, new fixtures, new trim and doors, paint and flooring throughout. Last but not least, you will have three brand new bathrooms, and a brand-new kitchen with brand new stainless appliances. Most ceiling lights have a nightlight function. First floor master bedroom with ensuite bathroom, and two living/family rooms. Large 30 ft long family room. Septic inspection has already been completed and is on file. Conveniently located with easy access to US 30. Immediate occupancy! Seller is also listing agent. Contact your favorite Realtor today to set up a showing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 45891, Van Wert, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,012 (100%)
Owner Occupied HU	4,579 (65.3%)
Renter Occupied HU	1,860 (26.5%)
Vacant Housing Units	573 ( 8.2%)
Median Home Value	$156,533
Average Home Value	$189,951