687 Madison StConneautOH44030
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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 Conneaut at 687 Madison St, Conneaut, OH, 44030 with 5% annual appreciation on a $120,400 basis while $1,303/mo rent supports operations. Total monthly income totals $1,303/mo and a $589/mo payment preserves $511/mo for cash returns. Annual cash flow comes to $6,136/yr on $39,913 deployed, and return on cash invested reaches 35.28% in year one. Equity gained on principal adds $777/yr, and five-year appreciation sums $33,264 alongside rental yield of 12.99%. Five-year ROI measures 185.9% and total cumulative return in cash totals $74,197.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,303/mo property income versus a $589/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,967 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44030, Conneaut, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,187 (100%) |
| Owner Occupied HU | 4,400 (61.2%) |
| Renter Occupied HU | 1,638 (22.8%) |
| Vacant Housing Units | 1,149 (16.0%) |
| Median Home Value | $157,345 |
| Average Home Value | $186,701 |
Housing Distribution
Address Breakdown
Residential
6,407
Single Family
6,163
Multi-Family
244
Businesses
362
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