14611 State Highway 113, Wakeman, OH, 44889 | Equity Gain $1,026/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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14611 State Highway 113, Wakeman, OH, 44889 | Equity Gain $1,026/yr | Ziffy

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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 14611 State Highway 113, Wakeman, OH, 44889 offers a 0% rental yield on a $159,000 purchase with $0/mo rent. 9% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome HOME to 14611 St Rt 113 in Wakeman! This charming 2-bedroom ranch sits on over a 1/3-acre lot and offers plenty of updates throughout. Step inside to find a completely updated bathroom, brand new vinyl plank flooring and carpet and freshly painted walls, that make the home move-in ready. The kitchen has been recently renovated with newer cabinets, a new sink, and a modern faucet. Your unfinished basement provides excellent potential for additional living space or storage. Outside, you'll find 2 handy storage sheds and a detached oversized 2-car garage with electricity and a reinforced second floor for even more storage. Located in Florence Township and the Firelands School District, this home also offers easy access to main highways and is centrally located near Lake Erie, Metro Parks, golfing, and more. Perfectly blending updates, convenience and location, this home is ready for its next owner!

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