429 Burnham DrFostoriaOH44830
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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
Investment property for sale in Fostoria at 429 Burnham Dr, Fostoria, OH, 44830 uses $61,162 cash to close to unlock $2,741/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,442/mo, and a $903/mo payment keeps the spread at $228/mo. Purchase price stands at $184,500, and rental yield measures 9.38% with $1,442/mo rent. Return on cash invested shows 24.39% in year one, and 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 127.44% and total cumulative return in cash records $77,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,442/mo property income covering a $903/mo payment rather than investor’s personal income.
Single Family
Built in 1966
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44830, Fostoria, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,390 (100%) |
| Owner Occupied HU | 5,334 (63.6%) |
| Renter Occupied HU | 2,327 (27.7%) |
| Vacant Housing Units | 729 ( 8.7%) |
| Median Home Value | $121,229 |
| Average Home Value | $177,446 |
Housing Distribution
Address Breakdown
Residential
7,954
Single Family
7,561
Multi-Family
393
Businesses
492
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