130 Summit StFostoriaOH44830
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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 Fostoria at 130 Summit St, Fostoria, OH, 44830 offers a 11.75% rental yield on a $148,900 purchase with $1,458/mo rent. Total monthly income registers $1,458/mo, and a $729/mo payment leaves $478/mo available for distribution. Annual cash flow reaches $5,740/yr on $49,360 to close, and return on cash invested stands at 31.54% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,138 over five years. Portfolio math shows five-year ROI at 165.79% and total cumulative return in cash at $81,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,458/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44830, Fostoria, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,390 (100%) |
| Owner Occupied HU | 5,334 (63.6%) |
| Renter Occupied HU | 2,327 (27.7%) |
| Vacant Housing Units | 729 ( 8.7%) |
| Median Home Value | $121,229 |
| Average Home Value | $177,446 |
Housing Distribution
Address Breakdown
Residential
7,954
Single Family
7,561
Multi-Family
393
Businesses
492
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Listed by: Meghan Affholder • Coldwell Banker Flag City
Mls Name: NORIS
Mls ID: #6133263
Disclaimer: Listing information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 NORIS. All rights reserved.