1262 Tri MotorPut 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
Rental property for sale in Put In Bay at 1262 Tri Motor, Put In Bay, OH, 43456 priced at $479,000 pairs $2,425/mo rent with after a $2,344/mo payment. Total monthly income equals $2,425/mo. Return on cash invested is 9.55% in year one, and rental yield stands at 6.08% on a $479,000 basis. Equity gained on principal adds $3,091/yr, and 5% annual appreciation accumulates to $132,339 by year five. Five-year ROI measures 49.59% and total cumulative return in cash reaches $78,747. For financing, Ziffy Mortgage’s DSCR program evaluates $2,425/mo property income against a $2,344/mo payment instead of your W2s, 1099s, or 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: John Donahue • Put-in-Bay Island Real Estate
Mls Name: Firelands MLS
Mls ID: #20251268
Disclaimer: Listing information is deemed reliable, but not guaranteed.