8962 State Route 109OttawaOH45875
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 8962 State Route 109, Ottawa, OH, 45875 in Ottawa fits: $275,000, 4.45% gross yield, and a projected 5% annual appreciation rate adding $75,977 in value within five years. Rental yield 4.45%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.82) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $2,533/yr in principal paydown and $75,977 in appreciation project a total return of $53,943.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 6.2% |
| Monthly Cash Flow | $(790) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,019 |
| Total Monthly Debt Service | $1,699 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
1.44 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,381
Single Family
4,270
Multi-Family
111
Businesses
399
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1950
1.44 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,381
Single Family
4,270
Multi-Family
111
Businesses
399
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Schroeder • ERA Geyer-Noakes Realty Group
Mls Name: NORIS
Mls ID: #6131196
Disclaimer: Listing 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. 2025 NORIS. All rights reserved.