1501 E State StPort ClintonOH43452
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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 Port Clinton at 1501 E State St, Port Clinton, OH, 43452 uses $49,692 cash to close to unlock $3,284/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,260/mo, and a $734/mo payment keeps the spread at $274/mo. Purchase price stands at $149,900, and rental yield measures 10.09% with $1,260/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 138.83% and total cumulative return in cash records $68,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,260/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,319 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43452, Port Clinton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,612 (100%) |
| Owner Occupied HU | 4,802 (45.3%) |
| Renter Occupied HU | 1,547 (14.6%) |
| Vacant Housing Units | 4,263 (40.2%) |
| Median Home Value | $218,954 |
| Average Home Value | $293,088 |
Housing Distribution
Address Breakdown
Residential
8,720
Single Family
8,149
Multi-Family
571
Businesses
738
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Listed by: Debra A. Miller • Lake Erie Vacation Rentals
Mls Name: Firelands MLS
Mls ID: #20251205
Disclaimer: Listing information is deemed reliable, but not guaranteed.