162 Clinton Reef DrPort 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 162 Clinton Reef Dr, Port Clinton, OH, 43452 uses $80,886 cash to close to unlock $303/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $2,352/mo, and a $1,194/mo payment keeps the spread at $25/mo. Purchase price stands at $244,000, and rental yield measures 11.57% with $2,352/mo rent. Return on cash invested shows 20.28% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 109.29% and total cumulative return in cash records $88,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,352/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$722 monthly 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: Deborah Stenger • Howard Hanna-Westlake
Mls Name: Firelands MLS
Mls ID: #20241413
Disclaimer: Listing information is deemed reliable, but not guaranteed.