10237 Independence DrNorth RoyaltonOH44133
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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
Investment property for sale in North Royalton at 10237 Independence Dr, North Royalton, OH, 44133 uses $72,897 cash to close to unlock $20,314/yr annual cash flow and $1,693/mo monthly cash flow. Total monthly income runs $3,139/mo, and a $1,076/mo payment keeps the spread at $1,693/mo. Purchase price stands at $219,900, and rental yield measures 17.13% with $3,139/mo rent. Return on cash invested shows 47.78% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 252.79% and total cumulative return in cash records $184,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,139/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1973
43.56 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44133, North Royalton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,306 (100%) |
| Owner Occupied HU | 9,800 (68.5%) |
| Renter Occupied HU | 3,832 (26.8%) |
| Vacant Housing Units | 674 ( 4.7%) |
| Median Home Value | $300,822 |
| Average Home Value | $311,296 |
Housing Distribution
Address Breakdown
Residential
14,122
Single Family
9,939
Multi-Family
4,183
Businesses
879
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Listed by: Christopher A Frederick • Coldwell Banker Schmidt Realty
Mls Name: MLS Now
Mls ID: #5152193