509 S Patterson StGibsonburgOH43431
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gibsonburg at 509 S Patterson St, Gibsonburg, OH, 43431 generates $1,550/mo in rent and, after a $783/mo payment, leaves $498/mo in cash flow. Total monthly income is $1,550/mo, and annual cash flow is $5,974/yr on $53,007 invested. Return on cash invested sits at 31.18% in year one, and rental yield is 11.63% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 163.8% and total cumulative return in cash sums $86,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,550/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43431, Gibsonburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,892 (100%) |
| Owner Occupied HU | 1,342 (70.9%) |
| Renter Occupied HU | 415 (21.9%) |
| Vacant Housing Units | 135 ( 7.1%) |
| Median Home Value | $183,120 |
| Average Home Value | $218,156 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,761
Multi-Family
69
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill L. Swaisgood, GRI, CRS • Wendt Key Team Realty
Mls Name: Firelands MLS
Mls ID: #20243905
Disclaimer: Listing information is deemed reliable, but not guaranteed.