505 W Lakeshore Dr APT B6Pt 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 505 W Lakeshore Dr APT B6, Pt Clinton, OH, 43452 offers $1,200/mo rent that, after a $1,774/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 4.25% in year one, and rental yield stands at 3.97% at a $362,500 entry. Equity gained on principal adds $2,339/yr while 5% annual appreciation compounds into $100,152 by year five. Five-year ROI records 20.75% and total cumulative return in cash reaches $24,938. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $1,774/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
$384 monthly 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: Joan Elflein • Ohio Broker Direct, LLC
Mls Name: NORIS
Mls ID: #6128048
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 NORIS. All rights reserved.