5938 Cape Hatteras, Vermilion, OH, 44089 | 6.89% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
- sft

198 Oakdale Dr, South Amherst, OH, 44001

3 Bed
1 Bath
1473 sft

780 Minerva St, Amherst, OH, 44001

2 Bed
2 Bath
- sft

6879 Chapel Ln, North Ridgeville, OH, 44039

2 Bed
2 Bath
1256 sft

2813 Shakespeare Ln, Avon, OH, 44011

Nearby investment properties with comparable prices

4 Bed
3 Bath
3133 sft

6227 James Dr, Lorain, OH, 44053

3 Bed
3 Bath
1784 sft

703 Parkview Ct, Huron, OH, 44839

3 Bed
2 Bath
1606 sft

40094 Ryan Ct, Elyria, OH, 44035

4 Bed
3 Bath
2994 sft

Shiloh Plan, Sandusky, Milan, OH, 44846

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Vermilion at 5938 Cape Hatteras, Vermilion, OH, 44089 offers $2,400/mo rent that, after a $2,046/mo payment. Total monthly income is $2,400/mo. Return on cash invested measures 16.88% in year one, and rental yield stands at 6.89% at a $417,947 entry. Equity gained on principal adds $2,697/yr while 5% annual appreciation compounds into $115,471 by year five. Five-year ROI records 87.13% and total cumulative return in cash reaches $120,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $2,046/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA