11820 Harbour Light DrNorth RoyaltonOH44133
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 North Royalton at 11820 Harbour Light Dr, North Royalton, OH, 44133 uses $61,659 cash to close to unlock $5,662/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $2,041/mo, and a $910/mo payment keeps the spread at $472/mo. Purchase price stands at $186,000, and rental yield measures 13.17% with $2,041/mo rent. Return on cash invested shows 29.09% in year one, and 5% annual appreciation builds toward $51,388 over five years. Five-year ROI reaches 155.02% and total cumulative return in cash records $95,584. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,041/mo property income covering a $910/mo payment rather than investor’s personal income.
Condo
Built in 1974
39.20 sqft lot
$N/A/sqft
$305 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: Marty Emerman • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls Provider:
Mls ID: #5138762
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