302 Clinton Reef Dr #302Pt 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
Investment property for sale in Pt Clinton at 302 Clinton Reef Dr #302, Pt Clinton, OH, 43452 listed at $246,500 pairs $1,624/mo rent with a $1,206/mo payment. Total monthly income runs $1,624/mo. Return on cash invested measures 12.39% in year one, and rental yield registers 7.91% at a $246,500 basis. Equity gained on principal adds $1,591/yr, and annual property appreciation at 5% supports $68,103 by year five. Five-year ROI tracks 65.85% and total cumulative return in cash totals $53,811. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,624/mo property income relative to a $1,206/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
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: Amy L. Rizer • Century 21 Bolte Real Estate
Mls Name: Firelands MLS
Mls ID: #20243950
Disclaimer: Listing information is deemed reliable, but not guaranteed.