1869 State Route 61, Crestline, OH, 44827 | $292/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1869 State Route 61, Crestline, OH, 44827 | $292/mo Cash Flow | 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 Crestline at 1869 State Route 61, Crestline, OH, 44827 listed at $275,000 pairs $2,162/mo rent with a $1,346/mo payment to leave $292/mo cash flow. Total monthly income runs $2,162/mo, and annual cash flow reaches $3,506/yr on $91,163 cash to close. Return on cash invested measures 23.75% in year one, and rental yield registers 9.43% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 124.31% and total cumulative return in cash totals $113,327. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,162/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1965

1.58 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious ranch home on 1.5 acres of land to roam & enjoy. This home features 3 bdrms, 2.5 baths with laundry on the main floor. Upon entering through the front door, you will be welcomed into a charming living room featuring a gas-log fireplace. This area offers space to relax & stay warm during the winter months. The renovated kitchen with modern appliances leads into a great room with a wood burning stove for holidays, family events, & entertainment. The primary bedroom on the main floor offers a walk-in closet & a large luxurious ensuite. The finished basement provides additional living space suitable for a rec room, family room, craft room or game room. Two basement rooms have egress windows suitable for bedroom space. Carpet & fresh paint throughout. The backyard includes a fenced outdoor area with a barbeque section, firepit, & 2 sheds for storage. There is also a finished caboose that can be used for overnight guests. Just 15 minutes from Ontario's shopping & restaurants.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44827, Crestline, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,194 (100%)
Owner Occupied HU	2,081 (65.2%)
Renter Occupied HU	889 (27.8%)
Vacant Housing Units	224 ( 7.0%)
Median Home Value	$143,750
Average Home Value	$186,734