29335 Bates RdPerrysburgOH43551
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Perrysburg at 29335 Bates Rd, Perrysburg, OH, 43551 uses $74,554 cash to close to unlock $989/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $1,762/mo, and a $1,101/mo payment keeps the spread at $82/mo. Purchase price stands at $224,900, and rental yield measures 9.4% with $1,762/mo rent. Return on cash invested shows 21.24% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 111.67% and total cumulative return in cash records $83,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,762/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43551, Perrysburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,771 (100%) |
| Owner Occupied HU | 12,634 (63.9%) |
| Renter Occupied HU | 6,082 (30.8%) |
| Vacant Housing Units | 1,055 ( 5.3%) |
| Median Home Value | $314,912 |
| Average Home Value | $333,543 |
Housing Distribution
Address Breakdown
Residential
19,425
Single Family
15,593
Multi-Family
3,832
Businesses
1,106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Leggett • Seaway Asset Management Co.
Mls Name: NORIS
Mls ID: #6124599
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 NORIS. All rights reserved.