711 W Lakeshore Dr APT 408Port ClintonOH43452
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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 Port Clinton at 711 W Lakeshore Dr APT 408, Port Clinton, OH, 43452 earns from $1,640/mo rent with a $1,236/mo payment. Total monthly income totals $1,640/mo. ROI tracks 19.61% on current figures, and rental yield reads 7.79% at a $252,500 purchase. Equity gained on principal adds $1,629/yr, and 5% annual appreciation supports $69,761 over five years. Five-year ROI reaches 101.72% and total cumulative return in cash sums $85,143. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,640/mo property income instead of your personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43452, Port Clinton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,612 (100%) |
| Owner Occupied HU | 4,802 (45.3%) |
| Renter Occupied HU | 1,547 (14.6%) |
| Vacant Housing Units | 4,263 (40.2%) |
| Median Home Value | $218,954 |
| Average Home Value | $293,088 |
Housing Distribution
Address Breakdown
Residential
8,720
Single Family
8,149
Multi-Family
571
Businesses
738
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Listed by: Susan Kendall • Weichert, Realtors-Morgan Rlty
Mls Name: Firelands MLS
Mls ID: #20254140