216 N Main St, Oberlin, OH, 44074 | 4.72% Rental Yield

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

Rental property for sale in Oberlin at 216 N Main St, Oberlin, OH, 44074 generates $954/mo in rent, after a $1,187/mo payment. Total monthly income is $954/mo. Return on cash invested sits at 10.34% in year one, and rental yield is 4.72% on a $242,500 entry. Equity gained on principal adds $1,565/yr, while 5% annual appreciation builds toward $66,998 over five years. Five-year ROI reaches 52.03% and total cumulative return in cash sums $41,827. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $954/mo property income rather than buyer’s personal income.

Multi Family

Built in 1900

10,018 sqft 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