248 Shipherd CirOberlinOH44074
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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 Oberlin at 248 Shipherd Cir, Oberlin, OH, 44074 offers $954/mo rent that, after a $2,080/mo payment. Total monthly income is $954/mo. Return on cash invested measures 4.22% in year one, and rental yield stands at 2.69% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 19.25% and total cumulative return in cash reaches $27,125. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $954/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.45 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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