421 S Main StGibsonburgOH43431
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Nearby investment properties with comparable prices
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 Gibsonburg at 421 S Main St, Gibsonburg, OH, 43431 priced at $149,900 pairs $1,178/mo rent with $192/mo cash flow after a $734/mo payment. Total monthly income equals $1,178/mo, and annual cash flow comes to $2,300/yr on $49,692 invested. Return on cash invested is 24.54% in year one, and rental yield stands at 9.43% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 128.2% and total cumulative return in cash reaches $63,707. For financing, Ziffy Mortgage’s DSCR program evaluates $1,178/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
3,781 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43431, Gibsonburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,892 (100%) |
| Owner Occupied HU | 1,342 (70.9%) |
| Renter Occupied HU | 415 (21.9%) |
| Vacant Housing Units | 135 ( 7.1%) |
| Median Home Value | $183,120 |
| Average Home Value | $218,156 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,761
Multi-Family
69
Businesses
107
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Listed by: Tonia D. Harris • Howard Hanna - Fremont
Mls Name: Firelands MLS
Mls ID: #20244309
Disclaimer: Listing information is deemed reliable, but not guaranteed.