764 SE Catawba Rd #196Pt ClintonOH43452
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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 Pt Clinton at 764 SE Catawba Rd #196, Pt Clinton, OH, 43452 uses $36,465 cash to close to unlock $1,846/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $877/mo, and a $538/mo payment keeps the spread at $154/mo. Purchase price stands at $110,000, and rental yield measures 9.57% with $877/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 130.48% and total cumulative return in cash records $47,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $877/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 2022
849.42 sqft 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: Stephanie Yarbrough • Howard Hanna - Port Clinton
Mls Name: Firelands MLS
Mls ID: #20253636