305 S Patterson StGibsonburgOH43431








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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 Gibsonburg at 305 S Patterson St, Gibsonburg, OH, 43431 offers a 8.35% rental yield on a $224,500 purchase with $1,562/mo rent. Total monthly income registers $1,562/mo, and a $1,099/mo payment leaves $85/mo available for distribution. Annual cash flow reaches $1,021/yr on $74,422 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $1,449/yr while 5% annual appreciation supports $62,025 over five years. Portfolio math shows five-year ROI at 110.77% and total cumulative return in cash at $82,436. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,562/mo property income against a $1,099/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43431, Gibsonburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,892 (100%) |
| Owner Occupied HU | 1,342 (70.9%) |
| Renter Occupied HU | 415 (21.9%) |
| Vacant Housing Units | 135 ( 7.1%) |
| Median Home Value | $183,120 |
| Average Home Value | $218,156 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,761
Multi-Family
69
Businesses
107
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Listed by: Marcia L. Shockley • Century 21 Bolte Real Estate
Mls Name: Firelands MLS
Mls ID: #20251163
Disclaimer: Listing information is deemed reliable, but not guaranteed.







