215 W College 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
Investment property for sale in Oberlin at 215 W College St, Oberlin, OH, 44074 uses $38,123 cash to close to unlock $2,369/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $954/mo, and a $563/mo payment keeps the spread at $197/mo. Purchase price stands at $115,000, and rental yield measures 9.95% with $954/mo rent. Return on cash invested shows 26.12% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 136.76% and total cumulative return in cash records $52,137. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $563/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
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
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