505 N Union StFostoriaOH44830
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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 505 N Union St, Fostoria, OH, 44830 offers a 9.05% rental yield on a $144,995 purchase with $1,094/mo rent. Total monthly income registers $1,094/mo, and a $710/mo payment leaves $140/mo available for distribution. Annual cash flow reaches $1,679/yr on $48,066 to close, and return on cash invested stands at 23.4% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,059 over five years. Portfolio math shows five-year ROI at 122.07% and total cumulative return in cash at $58,675. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,094/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1877
0.49 Acres 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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