402 Morrison StFremontOH43420
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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 Fremont at 402 Morrison St, Fremont, OH, 43420 generates $1,280/mo in rent and, after a $768/mo payment, leaves $248/mo in cash flow. Total monthly income is $1,280/mo, and annual cash flow is $2,973/yr on $52,046 invested. Return on cash invested sits at 25.62% in year one, and rental yield is 9.78% on a $157,000 entry. Equity gained on principal adds $1,013/yr, while 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 134% and total cumulative return in cash sums $69,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43420, Fremont, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,790 (100%) |
| Owner Occupied HU | 8,907 (64.6%) |
| Renter Occupied HU | 3,741 (27.1%) |
| Vacant Housing Units | 1,142 ( 8.3%) |
| Median Home Value | $152,446 |
| Average Home Value | $192,054 |
Housing Distribution
Address Breakdown
Residential
13,242
Single Family
12,548
Multi-Family
694
Businesses
1,125
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