7002 Reed RdConneautOH44030
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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 7002 Reed Rd, Conneaut, OH, 44030 offers a 0% rental yield on a $184,900 purchase with $0/mo rent. 9% in year one. Equity gained on principal adds $1,193/yr while 5% annual appreciation supports $51,084 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
3.28 Acres 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices