321 Elwood AveFostoriaOH44830
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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 Fostoria at 321 Elwood Ave, Fostoria, OH, 44830 offers $1,196/mo rent that, after a $771/mo payment, leaves $160/mo cash flow. Total monthly income is $1,196/mo, and annual cash flow is $1,918/yr on $52,211 cash. Return on cash invested measures 23.58% in year one, and rental yield stands at 9.11% at a $157,500 entry. Equity gained on principal adds $1,016/yr while 5% annual appreciation compounds into $43,514 by year five. Five-year ROI records 123.05% and total cumulative return in cash reaches $64,245. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,196/mo property income versus a $771/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
9,544 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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