6504 N Harris Harbor DrOak HarborOH43449
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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 Oak Harbor at 6504 N Harris Harbor Dr, Oak Harbor, OH, 43449 uses $48,366 cash to close to unlock $4,325/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,320/mo, and a $714/mo payment keeps the spread at $360/mo. Purchase price stands at $145,900, and rental yield measures 10.86% with $1,320/mo rent. Return on cash invested shows 28.85% in year one, and 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 151.38% and total cumulative return in cash records $73,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,320/mo property income covering a $714/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43449, Oak Harbor, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,415 (100%) |
| Owner Occupied HU | 2,850 (64.6%) |
| Renter Occupied HU | 687 (15.6%) |
| Vacant Housing Units | 878 (19.9%) |
| Median Home Value | $206,961 |
| Average Home Value | $255,768 |
Housing Distribution
Address Breakdown
Residential
3,988
Single Family
3,842
Multi-Family
146
Businesses
218
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Listed by: Steven G Lehmann • Truth First Realty
Mls Name: MLS Now
Mls ID: #5166829