748 Chestnut LnHuronOH44839
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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
Rental property for sale in Huron at 748 Chestnut Ln, Huron, OH, 44839 priced at $185,000 converts $1,838/mo rent into $622/mo cash flow after a $905/mo obligation. Total monthly income equals $1,838/mo, and annual cash flow totals $7,459/yr on $61,328 invested. Return on cash invested prints 32.07% in year one, and rental yield reads 11.92% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 168.59% and total cumulative return in cash sums $103,395. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,838/mo property income covering a $905/mo payment, not borrower’s personal income.
Condo
Built in 1989
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44839, Huron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,767 (100%) |
| Owner Occupied HU | 4,334 (64.0%) |
| Renter Occupied HU | 1,088 (16.1%) |
| Vacant Housing Units | 1,345 (19.9%) |
| Median Home Value | $277,979 |
| Average Home Value | $291,248 |
Housing Distribution
Address Breakdown
Residential
5,963
Single Family
5,624
Multi-Family
339
Businesses
397
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