188 Washington StCygnetOH43413
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 Cygnet at 188 Washington St, Cygnet, OH, 43413 offers $1,411/mo rent that, after a $489/mo payment, leaves $754/mo cash flow. Total monthly income is $1,411/mo, and annual cash flow is $9,044/yr on $33,150 cash. Return on cash invested measures 47.19% in year one, and rental yield stands at 16.93% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 249.64% and total cumulative return in cash reaches $82,756. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,411/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43413, Cygnet, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 461 (79.3%) |
| Renter Occupied HU | 88 (15.1%) |
| Vacant Housing Units | 32 ( 5.5%) |
| Median Home Value | $213,587 |
| Average Home Value | $261,952 |
Housing Distribution
Address Breakdown
Residential
327
Single Family
327
Multi-Family
0
Businesses
20
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