157 E Ottawa StOak HarborOH43449
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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
Rental property for sale in Oak Harbor at 157 E Ottawa St, Oak Harbor, OH, 43449 priced at $194,900 pairs $1,379/mo rent with $97/mo cash flow after a $954/mo payment. Total monthly income equals $1,379/mo, and annual cash flow comes to $1,163/yr on $64,609 invested. Return on cash invested is 21.71% in year one, and rental yield stands at 8.49% on a $194,900 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,847 by year five. Five-year ROI measures 112.98% and total cumulative return in cash reaches $72,999. For financing, Ziffy Mortgage’s DSCR program evaluates $1,379/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43449, Oak Harbor, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,415 (100%) |
| Owner Occupied HU | 2,850 (64.6%) |
| Renter Occupied HU | 687 (15.6%) |
| Vacant Housing Units | 878 (19.9%) |
| Median Home Value | $206,961 |
| Average Home Value | $255,768 |
Housing Distribution
Address Breakdown
Residential
3,988
Single Family
3,842
Multi-Family
146
Businesses
218
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Listed by: Craig Trick • Russell Real Estate Services
Mls Name: Firelands MLS
Mls ID: #20260288