1201 Monroe Rd, Wakeman, OH, 44889 | 6.55% Rental Yield

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Price: $300K - 500K

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1201 Monroe Rd, Wakeman, OH, 44889 | 6.55% Rental Yield | Ziffy

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wakeman at 1201 Monroe Rd, Wakeman, OH, 44889 offers a 6.55% rental yield on a $319,900 purchase with $1,746/mo rent. 85% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 81.62% and total cumulative return in cash at $86,552. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,746/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1998

5.10 Acres lot

$N/A/sqft

No HOA

More details about the property

Coming Soon! Professional Photos To Be Posted 12/17, Showings To Begin 12/18. This Is The One You've Been Waiting For. Tucked Far Off The Road On 5.09 Scenic Acres, This Property Delivers The Privacy, Space, And Potential Buyers Are Searching For In A True Country Setting. This 3-bedroom, 1.5-bath Potential 2.5 Bath Home Offers A Functional Layout With A First-floor Primary Suite And First-floor Laundry, Making Everyday Living Easy And Efficient. The Open-concept Kitchen And Living Room Create A Comfortable Central Gathering Space, While The Sliding Glass Door Leads Out To A Beautiful Backyard With Endless Possibilities. Upstairs, You'll Find Two Additional Bedrooms. Major Features Include A Newer Metal Roof, A Full Basement With The Option To Finish, And A 30x40 Pole Barn, Perfect For Storage, Hobbies, Equipment, Or A Workshop. The Large Full Front Porch Is Ideal For Relaxing, Enjoying Quiet Mornings, Or Taking In The Peaceful Surroundings. If You've Been Waiting For Your Slice Of Country Paradise With Acreage, Usable Outbuildings, And Room To Add Value, 1201 Monroe Rd In Wakeman Is The Opportunity You Don't Want To Miss.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44889, Wakeman, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,936 (100%)
Owner Occupied HU	2,266 (77.2%)
Renter Occupied HU	515 (17.5%)
Vacant Housing Units	155 ( 5.3%)
Median Home Value	$239,086
Average Home Value	$309,092