2620 Chateau DrPort ClintonOH43452
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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 Port Clinton at 2620 Chateau Dr, Port Clinton, OH, 43452 priced at $698,000 converts $4,352/mo rent into after a $3,416/mo obligation. Total monthly income equals $4,352/mo. Return on cash invested prints 16.12% in year one, and rental yield reads 7.48% against a $698,000 entry. Equity gained on principal adds $4,504/yr, while 5% annual appreciation compiles into $192,845 by year five. Five-year ROI reaches 83.99% and total cumulative return in cash sums $192,888. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,352/mo property income covering a $3,416/mo payment, not borrower’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
$515 monthly 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 |
Housing Distribution
Address Breakdown
Residential
8,720
Single Family
8,149
Multi-Family
571
Businesses
738
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Listed by: Kenneth S. Spero • Howard Hanna - Catawba
Mls Name: Firelands MLS
Mls ID: #20241653
Disclaimer: Listing information is deemed reliable, but not guaranteed.