389 Loraine AvePut In BayOH43456
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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 Put In Bay at 389 Loraine Ave, Put In Bay, OH, 43456 generates $0/mo in rent, after a $3,774/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.93% in year one, and rental yield is 0% on a $771,000 entry. Equity gained on principal adds $4,975/yr, while 5% annual appreciation builds toward $213,013 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Multi Family
Built in 1981
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43456, Put In Bay, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,146 (100%) |
| Owner Occupied HU | 272 (23.7%) |
| Renter Occupied HU | 79 ( 6.9%) |
| Vacant Housing Units | 795 (69.4%) |
| Median Home Value | $465,217 |
| Average Home Value | $563,943 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
72
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Sonya Niese • Keller Williams Citywide-PC
Mls Name: Firelands MLS
Mls ID: #20254245