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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wakeman at 1501 Fitchville River Rd, Wakeman, OH, 44889 generates $1,648/mo in rent, after a $1,517/mo payment. Total monthly income is $1,648/mo. Return on cash invested sits at 15.35% in year one, and rental yield is 6.38% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 78.91% and total cumulative return in cash sums $81,091. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,648/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44889, Wakeman, OH area.
| 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 |
Residential
2,654
Single Family
2,548
Multi-Family
106
Businesses
107
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Dustan Badovick • Russell Real Estate Services
Mls Name: Firelands MLS
Mls ID: #20254549
