1254 Tri Motor Dr UNIT 112Put In BayOH43456
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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 Put In Bay at 1254 Tri Motor Dr UNIT 112, Put In Bay, OH, 43456 offers a 5.44% rental yield on a $469,000 purchase with $2,128/mo rent. 54% in year one. Equity gained on principal adds $3,026/yr while 5% annual appreciation supports $129,576 over five years. Portfolio math shows five-year ROI at 38.84% and total cumulative return in cash at $60,379. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,128/mo property income against a $2,296/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2016
N/A lot
$N/A/sqft
$7,738 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43456, Put In Bay, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,146 (100%) |
| Owner Occupied HU | 272 (23.7%) |
| Renter Occupied HU | 79 ( 6.9%) |
| Vacant Housing Units | 795 (69.4%) |
| Median Home Value | $465,217 |
| Average Home Value | $563,943 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
72
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Listed by: Chassey Miller • Century 21 Bolte Real Estate
Mls Name: Firelands MLS
Mls ID: #20252194
Disclaimer: Listing information is deemed reliable, but not guaranteed.