408 N Washington St, Castalia, OH, 44824 | $1,452/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Castalia at 408 N Washington St, Castalia, OH, 44824 offers a 14.59% rental yield on a $259,900 purchase with $3,161/mo rent. Total monthly income registers $3,161/mo, and a $1,272/mo payment leaves $1,452/mo available for distribution. Annual cash flow reaches $17,418/yr on $86,157 to close, and return on cash invested stands at 40.13% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 211.79% and total cumulative return in cash at $182,470. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,161/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1945

0.88 Acres lot

$N/A/sqft

No HOA