104 E Point DrKelleys 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
Investment property for sale in Kelleys Island at 104 E Point Dr, Kelleys Island, OH, 43438 with 5% annual appreciation on a $960,000 basis while $2,588/mo rent supports operations. 81% in year one. Equity gained on principal adds $6,195/yr, and five-year appreciation sums $265,230 alongside rental yield of 3.23%. Five-year ROI measures 27.75% and total cumulative return in cash totals $87,657. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,588/mo property income versus a $4,699/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.65 Acres lot
$N/A/sqft
$285 annually 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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Listed by: Lorenzo Gentile • Gentile Real Estate, LLC
Mls Name: Firelands MLS
Mls ID: #20251596
Disclaimer: Listing information is deemed reliable, but not guaranteed.