355 Main StClay CenterOH43408
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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 Clay Center at 355 Main St, Clay Center, OH, 43408 generates $1,985/mo in rent and, after a $905/mo payment, leaves $769/mo in cash flow. Total monthly income is $1,985/mo, and annual cash flow is $9,223/yr on $61,328 invested. Return on cash invested sits at 34.95% in year one, and rental yield is 12.88% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 184.01% and total cumulative return in cash sums $112,851. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,985/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43408, Clay Center, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 108 (100%) |
| Owner Occupied HU | 85 (78.7%) |
| Renter Occupied HU | 6 ( 5.6%) |
| Vacant Housing Units | 17 (15.7%) |
| Median Home Value | $238,393 |
| Average Home Value | $250,088 |
Housing Distribution
Address Breakdown
Residential
6
Single Family
6
Multi-Family
0
Businesses
6
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Listed by: Victor W Blankenship • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #6133948
Disclaimer: Listing 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. 2025 NORIS. All rights reserved.