115 Beach RdKelleys 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
Total monthly income runs $4,580/mo, and a $5,873/mo payment. Purchase price stands at $1,199,900, and rental yield measures 4.58% with $4,580/mo rent. Return on cash invested shows 10.14% in year one, and 5% annual appreciation builds toward $331,510 over five years. Five-year ROI reaches 50.91% and total cumulative return in cash records $197,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,580/mo property income covering a $5,873/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.49 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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Listed by: Glen Whitten • Ohio Property Group, LLC
Mls Name: Firelands MLS
Mls ID: #20250876
Disclaimer: Listing information is deemed reliable, but not guaranteed.