509 W Lakeshore Dr APT A5Port ClintonOH43452
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 Port Clinton at 509 W Lakeshore Dr APT A5, Port Clinton, OH, 43452 generates $2,153/mo in rent, after a $1,957/mo payment. Total monthly income is $2,153/mo. Return on cash invested sits at 13.85% in year one, and rental yield is 6.46% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 71.54% and total cumulative return in cash sums $94,832. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,153/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$575 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Yarbrough • Howard Hanna - Port Clinton
Mls Name: Firelands MLS
Mls ID: #20251497
Disclaimer: Listing information is deemed reliable, but not guaranteed.