10 Michael Dr #MIC10Olmsted FallsOH44138
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
Investment property for sale in Olmsted Falls at 10 Michael Dr #MIC10, Olmsted Falls, OH, 44138 uses $45,581 cash to close to unlock $1,950/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $1,067/mo, and a $673/mo payment keeps the spread at $163/mo. Purchase price stands at $137,500, and rental yield measures 9.31% with $1,067/mo rent. Return on cash invested shows 24.19% in year one, and 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 126.33% and total cumulative return in cash records $57,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,067/mo property income covering a $673/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44138, Olmsted Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,137 (100%) |
| Owner Occupied HU | 7,629 (75.3%) |
| Renter Occupied HU | 2,036 (20.1%) |
| Vacant Housing Units | 472 ( 4.7%) |
| Median Home Value | $274,659 |
| Average Home Value | $287,334 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
8,739
Multi-Family
1,437
Businesses
305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Windward Communities
Mls Name: Windward Communities
Mls Provider:
Mls ID: #N/A