906 Phillips StMaumeeOH43537
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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 Maumee at 906 Phillips St, Maumee, OH, 43537 priced at $225,000 converts $2,946/mo rent into $1,418/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,946/mo, and annual cash flow totals $17,014/yr on $74,588 invested. Return on cash invested prints 42.72% in year one, and rental yield reads 15.71% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 225.96% and total cumulative return in cash sums $168,537. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,946/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1961
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43537, Maumee, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,138 (100%) |
| Owner Occupied HU | 9,268 (70.5%) |
| Renter Occupied HU | 3,309 (25.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $246,509 |
| Average Home Value | $287,671 |
Housing Distribution
Address Breakdown
Residential
12,940
Single Family
11,402
Multi-Family
1,538
Businesses
1,302
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Listed by: Jody L. Zink • EXP Realty, LLC
Mls Name: NORIS
Mls ID: #6120286
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 NORIS. All rights reserved.