284 Altamont Rd, Vermilion, OH, 44089 | $177/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
- sft

5492 Pleasant St, North Ridgeville, OH, 44039

Motivated Seller+ 1 more

3 Bed
3 Bath
1692 sft

350 Beebe Ave, Elyria, OH, 44035

3 Bed
2 Bath
2187 sft

4491 Linda Ln, Sheffield Village, OH, 44054

3 Bed
3 Bath
1515 sft

213 Denison Ave, Elyria, OH, 44035

Nearby investment properties with comparable prices

2 Bed
2 Bath
960 sft

2594 Shakespeare Ln, Avon, OH, 44011

3 Bed
2 Bath
- sft

1211 W 10th St, Lorain, OH, 44052

Clayton Bayshore Estates Plan, Bayshore Estates

3 Bed
2 Bath
1344 sft

Clayton Bayshore Estates Plan, Bayshore Estates, Sandusky, OH, 44870

3 Bed
2 Bath
1344 sft

13 E Sprucewood Dr, Sandusky, OH, 44870

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Vermilion at 284 Altamont Rd, Vermilion, OH, 44089 with 5% annual appreciation on a $184,000 basis while $1,388/mo rent supports operations. Total monthly income totals $1,388/mo and a $901/mo payment preserves $177/mo for cash returns. Annual cash flow comes to $2,127/yr on $60,996 deployed, and return on cash invested reaches 23.4% in year one. Equity gained on principal adds $1,187/yr, and five-year appreciation sums $50,836 alongside rental yield of 9.05%. Five-year ROI measures 122.13% and total cumulative return in cash totals $74,497.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,388/mo property income versus a $901/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1900

0.30 Acres lot

$N/A/sqft

No HOA