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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Oberlin at 118 Locust St, Oberlin, OH, 44074 offers $954/mo rent that, after a $979/mo payment. Total monthly income is $954/mo. Return on cash invested measures 13.36% in year one, and rental yield stands at 5.72% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 68.3% and total cumulative return in cash reaches $45,284. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $954/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44074, Oberlin, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,650 (100%) |
| Owner Occupied HU | 2,752 (59.2%) |
| Renter Occupied HU | 1,413 (30.4%) |
| Vacant Housing Units | 485 (10.4%) |
| Median Home Value | $269,697 |
| Average Home Value | $313,969 |
Residential
4,182
Single Family
3,547
Multi-Family
635
Businesses
407
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Scott Fader • Joseph Walter Realty, LLC.
Mls Name: MLS Now
Mls ID: #5168368
