10646 Independence Dr #26DNorth 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
Rental property for sale in North Royalton at 10646 Independence Dr #26D, North Royalton, OH, 44133 generates $1,597/mo in rent and, after a $856/mo payment, leaves $122/mo in cash flow. Total monthly income is $1,597/mo, and annual cash flow is $1,459/yr on $57,979 invested. Return on cash invested sits at 22.43% in year one, and rental yield is 10.96% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 119.34% and total cumulative return in cash sums $69,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,597/mo property income rather than buyer’s personal income.
Condo
Built in 1973
43.56 sqft lot
$N/A/sqft
$325 monthly 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: James T Patti • Howard Hanna
Mls Name: MLS Now
Mls ID: #5180649