328 E Water 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 328 E Water St, Oak Harbor, OH, 43449 with 5% annual appreciation on a $225,000 basis while $1,826/mo rent supports operations. Total monthly income totals $1,826/mo and a $1,101/mo payment preserves $346/mo for cash returns. Annual cash flow comes to $4,155/yr on $74,588 deployed, and return on cash invested reaches 25.48% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 9.74%. Five-year ROI measures 133.27% and total cumulative return in cash totals $99,405.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,826/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1860
0.38 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: Madeline L. Pugh • Century 21 Bolte Real Estate
Mls Name: Firelands MLS
Mls ID: #20253425