124 Diamond WayCortlandOH44410
Nearby investment properties with comparable rents
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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 Cortland at 124 Diamond Way, Cortland, OH, 44410 at $220,000 posts ROI 15.39% with from $1,453/mo rent. Total monthly income equals $1,453/mo. Return on cash invested measures 15.39% and rental yield reads 7.93% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 80.82% and total cumulative return in cash totals $58,943. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,453/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1985
0.41 Acres lot
$N/A/sqft
$280 monthly 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
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Nearby investment properties with comparable prices
Listed by: Gretchen Merritt • Brokers Realty Group
Mls Name: MLS Now
Mls Provider:
Mls ID: #5114940
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