2380 County Road 62GibsonburgOH43431
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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 Gibsonburg at 2380 County Road 62, Gibsonburg, OH, 43431 generates $1,000/mo in rent and, after a $611/mo payment, leaves $179/mo in cash flow. Total monthly income is $1,000/mo, and annual cash flow is $2,145/yr on $41,404 invested. Return on cash invested sits at 25.09% in year one, and rental yield is 9.61% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 131.17% and total cumulative return in cash sums $54,310. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
4.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43431, Gibsonburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,892 (100%) |
| Owner Occupied HU | 1,342 (70.9%) |
| Renter Occupied HU | 415 (21.9%) |
| Vacant Housing Units | 135 ( 7.1%) |
| Median Home Value | $183,120 |
| Average Home Value | $218,156 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,761
Multi-Family
69
Businesses
107
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Listed by: Keith M. Degnan • Key Realty
Mls Name: NORIS
Mls ID: #6133876