309 E Main StOak HarborOH43449
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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 Oak Harbor at 309 E Main St, Oak Harbor, OH, 43449 listed at $179,000 pairs $1,250/mo rent with a $876/mo payment to leave $73/mo cash flow. Total monthly income runs $1,250/mo, and annual cash flow reaches $872/yr on $59,339 cash to close. Return on cash invested measures 21.38% in year one, and rental yield registers 8.38% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 111.25% and total cumulative return in cash totals $66,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,250/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43449, Oak Harbor, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,415 (100%) |
| Owner Occupied HU | 2,850 (64.6%) |
| Renter Occupied HU | 687 (15.6%) |
| Vacant Housing Units | 878 (19.9%) |
| Median Home Value | $206,961 |
| Average Home Value | $255,768 |
Housing Distribution
Address Breakdown
Residential
3,988
Single Family
3,842
Multi-Family
146
Businesses
218
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Listed by: Gregory Erlanger • Keller Williams Citywide
Mls Name: NORIS
Mls ID: #6133814