7319 E Harbor RdLakeside MarbleheadOH43440
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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 Lakeside Marblehead at 7319 E Harbor Rd, Lakeside Marblehead, OH, 43440 offers a 8% rental yield on a $195,000 purchase with $1,300/mo rent. Total monthly income registers $1,300/mo, and a $954/mo payment leaves $18/mo available for distribution. Annual cash flow reaches $213/yr on $64,643 to close, and return on cash invested stands at 20.24% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 105.14% and total cumulative return in cash at $67,966. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,300/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43440, Lakeside Marblehead, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,786 (100%) |
| Owner Occupied HU | 1,948 (28.7%) |
| Renter Occupied HU | 366 ( 5.4%) |
| Vacant Housing Units | 4,472 (65.9%) |
| Median Home Value | $290,345 |
| Average Home Value | $375,601 |
Housing Distribution
Address Breakdown
Residential
4,986
Single Family
4,248
Multi-Family
738
Businesses
230
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Listed by: Kyle M. Recker • Howard Hanna - Port Clinton
Mls Name: Firelands MLS
Mls ID: #20253894