623 Main St, Vermilion, OH, 44089 | 3.74% Rental Yield

For Sale

Ziffy Mortgage

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

Total monthly income runs $2,232/mo, and a $3,504/mo payment. Purchase price stands at $715,900, and rental yield measures 3.74% with $2,232/mo rent. Return on cash invested shows 7.44% in year one, and 5% annual appreciation builds toward $197,790 over five years. Five-year ROI reaches 36.45% and total cumulative return in cash records $85,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,232/mo property income covering a $3,504/mo payment rather than investor’s personal income.

Condo

Built in 1989

1.21 Acres lot

$N/A/sqft

No HOA