311 Independence AveFostoriaOH44830
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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
Rental property for sale in Fostoria at 311 Independence Ave, Fostoria, OH, 44830 offers $1,884/mo rent that, after a $611/mo payment, leaves $1,063/mo cash flow. Total monthly income is $1,884/mo, and annual cash flow is $12,753/yr on $41,404 cash. Return on cash invested measures 50.71% in year one, and rental yield stands at 18.1% at a $124,900 entry. Equity gained on principal adds $806/yr while 5% annual appreciation compounds into $34,508 by year five. Five-year ROI records 268.55% and total cumulative return in cash reaches $111,190. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,884/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
5,449 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44830, Fostoria, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,390 (100%) |
| Owner Occupied HU | 5,334 (63.6%) |
| Renter Occupied HU | 2,327 (27.7%) |
| Vacant Housing Units | 729 ( 8.7%) |
| Median Home Value | $121,229 |
| Average Home Value | $177,446 |
Housing Distribution
Address Breakdown
Residential
7,954
Single Family
7,561
Multi-Family
393
Businesses
492
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Listed by: Sherry Sullivan • Key Realty
Mls Name: NORIS
Mls ID: #6121724
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.