940 N Eastwood DrFostoriaOH44830
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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 Fostoria at 940 N Eastwood Dr, Fostoria, OH, 44830 priced at $299,900 converts $2,191/mo rent into $218/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,191/mo, and annual cash flow totals $2,618/yr on $99,417 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 8.77% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 117.51% and total cumulative return in cash sums $116,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,191/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44830, Fostoria, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,390 (100%) |
| Owner Occupied HU | 5,334 (63.6%) |
| Renter Occupied HU | 2,327 (27.7%) |
| Vacant Housing Units | 729 ( 8.7%) |
| Median Home Value | $121,229 |
| Average Home Value | $177,446 |
Housing Distribution
Address Breakdown
Residential
7,954
Single Family
7,561
Multi-Family
393
Businesses
492
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