177 Sumner StOberlinOH44074
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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 Oberlin at 177 Sumner St, Oberlin, OH, 44074 generates $2,137/mo in rent and, after a $504/mo payment, leaves $1,435/mo in cash flow. Total monthly income is $2,137/mo, and annual cash flow is $17,224/yr on $34,145 invested. Return on cash invested sits at 70.35% in year one, and rental yield is 24.9% on a $103,000 entry. Equity gained on principal adds $665/yr, while 5% annual appreciation builds toward $28,457 over five years. Five-year ROI reaches 374.25% and total cumulative return in cash sums $127,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,137/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.32 Acres lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
4,182
Single Family
3,547
Multi-Family
635
Businesses
407
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-18 | Sold | $103,000 |
| 2025-06-04 | Pending sale | $118,500 |
| 2025-06-01 | Listed for sale | $118,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $1856.70 | 33.59% | $36,810 | 50.61% |
| 2023-10-08 | $1389.88 | 2.65% | $24,440 | N/A |
| 2022-10-08 | $1354.02 | 0.37% | $24,440 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1960
- Architectural Style: Ranch
- Building Area: 1,132
- Living Area: 1,132 sqft
- Property Condition: Fixer
Features & Amenities
- Heating: Gas
- Cooling: Window Unit(s)
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached, Direct Access, Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Tarina M Sidoti • Berkshire Hathaway HomeServices Professional Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5127258
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