111 Emerald LnCortlandOH44410
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 Cortland at 111 Emerald Ln, Cortland, OH, 44410 priced at $199,800 converts $1,493/mo rent into $179/mo cash flow after a $978/mo obligation. Total monthly income equals $1,493/mo, and annual cash flow totals $2,144/yr on $66,234 invested. Return on cash invested prints 23.15% in year one, and rental yield reads 8.97% against a $199,800 entry. Equity gained on principal adds $1,289/yr, while 5% annual appreciation compiles into $55,201 by year five. Five-year ROI reaches 120.71% and total cumulative return in cash sums $79,949. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,493/mo property income covering a $978/mo payment, not borrower’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44410, Cortland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 5,689 (74.8%) |
| Renter Occupied HU | 1,374 (18.1%) |
| Vacant Housing Units | 541 ( 7.1%) |
| Median Home Value | $205,225 |
| Average Home Value | $216,773 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,498
Multi-Family
246
Businesses
500
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices