61 Pleasant St, Wakeman, OH, 44889 | 7.53% Rental Yield

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wakeman at 61 Pleasant St, Wakeman, OH, 44889 offers a 7.53% rental yield on a $240,000 purchase with $1,506/mo rent. 81% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 97.44% and total cumulative return in cash at $77,522. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,506/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1966

0.42 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 44889, Wakeman, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,936 (100%)
Owner Occupied HU	2,266 (77.2%)
Renter Occupied HU	515 (17.5%)
Vacant Housing Units	155 ( 5.3%)
Median Home Value	$239,086
Average Home Value	$309,092