1728 E Lockwood RdPort ClintonOH43452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Port Clinton at 1728 E Lockwood Rd, Port Clinton, OH, 43452 priced at $345,000 converts $2,335/mo rent into $65/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,335/mo, and annual cash flow totals $783/yr on $114,368 invested. Return on cash invested prints 20.59% in year one, and rental yield reads 8.12% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 107.05% and total cumulative return in cash sums $122,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,335/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1993
1.89 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teila Hay • BHHS Professional Realty
Mls Name: Firelands MLS
Mls ID: #20251046
Disclaimer: Listing information is deemed reliable, but not guaranteed.