439 Erie CtPt ClintonOH43452
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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 Pt Clinton at 439 Erie Ct, Pt Clinton, OH, 43452 priced at $134,900 pairs $1,066/mo rent with $179/mo cash flow after a $660/mo payment. Total monthly income equals $1,066/mo, and annual cash flow comes to $2,147/yr on $44,719 invested. Return on cash invested is 24.71% in year one, and rental yield stands at 9.48% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 129.08% and total cumulative return in cash reaches $57,725. For financing, Ziffy Mortgage’s DSCR program evaluates $1,066/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1944
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43452, Port Clinton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,612 (100%) |
| Owner Occupied HU | 4,802 (45.3%) |
| Renter Occupied HU | 1,547 (14.6%) |
| Vacant Housing Units | 4,263 (40.2%) |
| Median Home Value | $218,954 |
| Average Home Value | $293,088 |
Housing Distribution
Address Breakdown
Residential
8,720
Single Family
8,149
Multi-Family
571
Businesses
738
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Listed by: David Dean Morris • Serenity Realty LLC
Mls Name: NORIS
Mls ID: #10000968