104 S Patterson StGibsonburgOH43431
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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 Gibsonburg at 104 S Patterson St, Gibsonburg, OH, 43431 uses $43,062 cash to close to unlock $4,120/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $1,198/mo, and a $636/mo payment keeps the spread at $343/mo. Purchase price stands at $129,900, and rental yield measures 11.07% with $1,198/mo rent. Return on cash invested shows 29.48% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 154.73% and total cumulative return in cash records $66,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,198/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1956
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43431, Gibsonburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,892 (100%) |
| Owner Occupied HU | 1,342 (70.9%) |
| Renter Occupied HU | 415 (21.9%) |
| Vacant Housing Units | 135 ( 7.1%) |
| Median Home Value | $183,120 |
| Average Home Value | $218,156 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,761
Multi-Family
69
Businesses
107
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Listed by: Shelly Schultz • Weichert-Morgan Realty Grp
Mls Name: NORIS
Mls ID: #10002497