207 Lower Cliff RdKelleys IslandOH43438
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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 Kelleys Island at 207 Lower Cliff Rd, Kelleys Island, OH, 43438 offers $3,689/mo rent that, after a $3,181/mo payment. Total monthly income is $3,689/mo. Return on cash invested measures 16.77% in year one, and rental yield stands at 6.81% at a $650,000 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,583 by year five. Five-year ROI records 86.49% and total cumulative return in cash reaches $184,958. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,689/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43438, Kelleys Island, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 895 (100%) |
| Owner Occupied HU | 117 (13.1%) |
| Renter Occupied HU | 19 ( 2.1%) |
| Vacant Housing Units | 759 (84.8%) |
| Median Home Value | $329,762 |
| Average Home Value | $415,534 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
38
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Listed by: Kyle M. Recker • Howard Hanna - Port Clinton
Mls Name: Firelands MLS
Mls ID: #20241104
Disclaimer: Listing information is deemed reliable, but not guaranteed.