824 State Route 357Put In BayOH43456
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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 Put In Bay at 824 State Route 357, Put In Bay, OH, 43456 listed at $1,500,000 pairs $1,847/mo rent with a $7,342/mo payment. Total monthly income runs $1,847/mo. Return on cash invested measures 0.57% in year one, and rental yield registers 1.48% at a $1,500,000 basis. Equity gained on principal adds $9,679/yr, and annual property appreciation at 5% supports $414,422 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,847/mo property income relative to a $7,342/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
7.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43456, Put In Bay, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,146 (100%) |
| Owner Occupied HU | 272 (23.7%) |
| Renter Occupied HU | 79 ( 6.9%) |
| Vacant Housing Units | 795 (69.4%) |
| Median Home Value | $465,217 |
| Average Home Value | $563,943 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
72
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Listed by: Madeline L. Pugh • Century 21 Bolte Real Estate
Mls Name: Firelands MLS
Mls ID: #20244294
Disclaimer: Listing information is deemed reliable, but not guaranteed.