948 Joliet DrMaumeeOH43537
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 Maumee at 948 Joliet Dr, Maumee, OH, 43537 generates $1,523/mo in rent and, after a $978/mo payment, leaves $209/mo in cash flow. Total monthly income is $1,523/mo, and annual cash flow is $2,502/yr on $66,267 invested. Return on cash invested sits at 23.68% in year one, and rental yield is 9.14% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 123.63% and total cumulative return in cash sums $81,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,523/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices