818 Ludwig Ave SGibsonburgOH43431
Nearby investment properties with comparable rents
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
Rental property for sale in Gibsonburg at 818 Ludwig Ave S, Gibsonburg, OH, 43431 generates $2,140/mo in rent, after a $1,640/mo payment. Total monthly income is $2,140/mo. Return on cash invested sits at 19.22% in year one, and rental yield is 7.67% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 99.69% and total cumulative return in cash sums $110,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43431, Gibsonburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,892 (100%) |
| Owner Occupied HU | 1,342 (70.9%) |
| Renter Occupied HU | 415 (21.9%) |
| Vacant Housing Units | 135 ( 7.1%) |
| Median Home Value | $183,120 |
| Average Home Value | $218,156 |
Housing Distribution
Address Breakdown
Residential
1,830
Single Family
1,761
Multi-Family
69
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ronald Snyder • Premier Properties
Mls Name: WCAR OH
Mls ID: #307990