10 Parsons St, Norwalk, OH, 44857 | $382/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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10 Parsons St, Norwalk, OH, 44857 | $382/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Norwalk at 10 Parsons St, Norwalk, OH, 44857 offers $1,532/mo rent that, after a $856/mo payment, leaves $382/mo cash flow. Total monthly income is $1,532/mo, and annual cash flow is $4,579/yr on $57,979 cash. Return on cash invested measures 27.81% in year one, and rental yield stands at 10.51% at a $174,900 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,322 by year five. Five-year ROI records 145.75% and total cumulative return in cash reaches $84,504. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,532/mo property income versus a $856/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

8,664 sqft lot

$N/A/sqft

No HOA

More details about the property

Be The Third Owners Of This Thoughtfully Updated 3-bedroom, 1-bath Ranch-style Home That Balances Comfort And Convenience With Modern Style. The Spacious Living Room Is Filled With Natural Light, Where Brand-new Waterproof Vinyl Plank Flooring Creates An Inviting Setting To Relax Or Gather. The Kitchen Includes A Range, Refrigerator, And New Garbage Disposal, And Flows Into A Dining Nook That Feels Perfect For Everyday Meals. A Bright Sunroom Opens Directly To The Backyard, Offering A Cheerful Space To Enjoy The Seasons. The Fully Renovated Bathroom And Three Refreshed Bedrooms Add Comfort And Style Throughout The Main Level. The Partially Finished Basement Provides Additional Living Space, Ready To Be Enjoyed As A Recreation Area, Media Room, Or Hobby Space. With A Convenient Commode, Laundry/utility Area, And Generous Storage, It's Designed With Everyday Needs In Mind. Electric Fireplace Stays. A Detached One-car Garage And A Backyard With Plenty Of Room For Outdoor Enjoyment Complete The Property. This Home Is Move-in Ready And Designed To Welcome Its Next Chapter & New Owners.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44857, Norwalk, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,627 (100%)
Owner Occupied HU	6,526 (61.4%)
Renter Occupied HU	3,354 (31.6%)
Vacant Housing Units	747 ( 7.0%)
Median Home Value	$184,568
Average Home Value	$225,391