2822 N Noreaster Cove Dr #2Pt 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 Pt Clinton at 2822 N Noreaster Cove Dr #2, Pt Clinton, OH, 43452 generates $3,938/mo in rent, after a $7,464/mo payment. Total monthly income is $3,938/mo. Return on cash invested sits at 3.67% in year one, and rental yield is 3.1% on a $1,525,000 entry. Equity gained on principal adds $9,841/yr, while 5% annual appreciation builds toward $421,329 over five years. Five-year ROI reaches 16.87% and total cumulative return in cash sums $83,352. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,938/mo property income rather than buyer’s personal income.
Condo
Built in 2009
6,838 sqft lot
$N/A/sqft
$2,350 quarterly 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: Kimberly Redfern • Street Sotheby's International
Mls Name: Firelands MLS
Mls ID: #20250023
Disclaimer: Listing information is deemed reliable, but not guaranteed.