5416 E Channel DrPort 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 5416 E Channel Dr, Port Clinton, OH, 43452 priced at $344,000 converts $2,417/mo rent into $154/mo cash flow after a $1,684/mo obligation. Total monthly income equals $2,417/mo, and annual cash flow totals $1,847/yr on $114,036 invested. Return on cash invested prints 21.53% in year one, and rental yield reads 8.43% against a $344,000 entry. Equity gained on principal adds $2,220/yr, while 5% annual appreciation compiles into $95,041 by year five. Five-year ROI reaches 112.04% and total cumulative return in cash sums $127,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,417/mo property income covering a $1,684/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.26 Acres lot
$N/A/sqft
No 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: Cheryl Wendt • Wendt Key Team Realty
Mls Name: Firelands MLS
Mls ID: #20253351
Disclaimer: Listing information is deemed reliable, but not guaranteed.