232 Cedar St, Port Clinton, OH, 43452 | $416/mo Cash Flow

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 Port Clinton at 232 Cedar St, Port Clinton, OH, 43452 offers a 10.98% rental yield on a $162,000 purchase with $1,482/mo rent. Total monthly income registers $1,482/mo, and a $793/mo payment leaves $416/mo available for distribution. Annual cash flow reaches $4,996/yr on $53,703 to close, and return on cash invested stands at 29.21% in year one. Equity gained on principal adds $1,045/yr while 5% annual appreciation supports $44,758 over five years. Portfolio math shows five-year ROI at 153.32% and total cumulative return in cash at $82,337. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,482/mo property income against a $793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

4,599 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 43452, Port Clinton, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,612 (100%)
Owner Occupied HU	4,802 (45.3%)
Renter Occupied HU	1,547 (14.6%)
Vacant Housing Units	4,263 (40.2%)
Median Home Value	$218,954
Average Home Value	$293,088