1 Elliot Ave #APut In BayOH43456
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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
Investment property for sale in Put In Bay at 1 Elliot Ave #A, Put In Bay, OH, 43456 with 5% annual appreciation on a $129,000 basis while $1,300/mo rent supports operations. Total monthly income totals $1,300/mo and a $631/mo payment preserves $452/mo for cash returns. Annual cash flow comes to $5,422/yr on $42,764 deployed, and return on cash invested reaches 32.59% in year one. Equity gained on principal adds $832/yr, and five-year appreciation sums $35,640 alongside rental yield of 12.09%. Five-year ROI measures 171.37% and total cumulative return in cash totals $73,285.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,300/mo property income versus a $631/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Lot
Built in N/A
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43456, Put In Bay, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,146 (100%) |
| Owner Occupied HU | 272 (23.7%) |
| Renter Occupied HU | 79 ( 6.9%) |
| Vacant Housing Units | 795 (69.4%) |
| Median Home Value | $465,217 |
| Average Home Value | $563,943 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
72
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Listed by: Richard Cooks • Howard Hanna - Port Clinton
Mls Name: Firelands MLS
Mls ID: #20232514
Disclaimer: Listing information is deemed reliable, but not guaranteed.