516 S 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 516 S Union St, Fostoria, OH, 44830 uses $48,068 cash to close to unlock $3,587/yr annual cash flow and $299/mo monthly cash flow. Total monthly income runs $1,253/mo, and a $710/mo payment keeps the spread at $299/mo. Purchase price stands at $145,000, and rental yield measures 10.37% with $1,253/mo rent. Return on cash invested shows 27.37% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 143.37% and total cumulative return in cash records $68,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,253/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1929
4,356 sqft 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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