103 Southaven LnKelleys IslandOH43438
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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 Kelleys Island at 103 Southaven Ln, Kelleys Island, OH, 43438 priced at $679,000 converts $0/mo rent into after a $3,323/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.93% in year one, and rental yield reads 0% against a $679,000 entry. Equity gained on principal adds $4,381/yr, while 5% annual appreciation compiles into $187,595 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $3,323/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43438, Kelleys Island, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 895 (100%) |
| Owner Occupied HU | 117 (13.1%) |
| Renter Occupied HU | 19 ( 2.1%) |
| Vacant Housing Units | 759 (84.8%) |
| Median Home Value | $329,762 |
| Average Home Value | $415,534 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
38
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No similar rental properties found nearby.
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Listed by: Jason A Smith • Simply Better Realty, LLC
Mls Name: MLS Now
Mls ID: #5143575