306 Clinton Reef DrPort ClintonOH43452
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
Rental property for sale in Port Clinton at 306 Clinton Reef Dr, Port Clinton, OH, 43452 offers $1,440/mo rent that, after a $1,003/mo payment, leaves $92/mo cash flow. Total monthly income is $1,440/mo, and annual cash flow is $1,105/yr on $67,924 cash. Return on cash invested measures 21.54% in year one, and rental yield stands at 8.43% at a $204,900 entry. Equity gained on principal adds $1,322/yr while 5% annual appreciation compounds into $56,610 by year five. Five-year ROI records 112.15% and total cumulative return in cash reaches $76,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven G Lehmann • Truth First Realty
Mls Name: MLS Now
Mls ID: #5148202