15199 State Route 511, Oberlin, OH, 44074 | 3.64% Rental Yield

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15199 State Route 511, Oberlin, OH, 44074 | 3.64% Rental Yield | Ziffy

For Sale

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 Oberlin at 15199 State Route 511, Oberlin, OH, 44074 offers a 3.64% rental yield on a $314,900 purchase with $954/mo rent. 07% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 34.48% and total cumulative return in cash at $35,998. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $954/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

3.68 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for a home in the country? Here it is! A brick ranch on 3.68 acres with an outbuilding. The home features 3 bedrooms, 1.5 baths, a large picture window in the living room, and a picturesque view of the Vermilion river look out of the kitchen window. The basement is partially finished with a wood burning fireplace, kitchen area, laundry, and half bath. There is a walk out from the basement and an additional workshop area. The 36x30 outbuilding is divided into a 2 car garage and workshop with an area used to stable 2 horses. This home and outbuilding sit on beautiful acreage and is just waiting for you!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44074, Oberlin, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,650 (100%)
Owner Occupied HU	2,752 (59.2%)
Renter Occupied HU	1,413 (30.4%)
Vacant Housing Units	485 (10.4%)
Median Home Value	$269,697
Average Home Value	$313,969