47710 W Hamilton St, Oberlin, OH, 44074 | 3.47% Rental Yield

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47710 W Hamilton St, Oberlin, OH, 44074 | 3.47% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in Oberlin at 47710 W Hamilton St, Oberlin, OH, 44074 generates $954/mo in rent, after a $1,615/mo payment. Total monthly income is $954/mo. Return on cash invested sits at 6.56% in year one, and rental yield is 3.47% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 31.79% and total cumulative return in cash sums $34,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $954/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

1.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Escape to the tranquility of rural living in this newly completed (January 1, 2025) 2-bedroom home set on a picturesque 1.4-acre property. Enjoy the best of both worlds peaceful countryside and easy access to shopping amenities. The inviting covered front porch offers a charming spot to unwind and seamlessly flows around to a spacious deck in the back, creating an ideal space for outdoor entertaining and relaxation. With a convenient 3-car garage, there's plenty of room for vehicles and outdoor gear. Start enjoying the fresh air and open space in your brand-new retreat.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44074, Oberlin, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,650 (100%)
Owner Occupied HU	2,752 (59.2%)
Renter Occupied HU	1,413 (30.4%)
Vacant Housing Units	485 (10.4%)
Median Home Value	$269,697
Average Home Value	$313,969