12524 Melody LnGraftonOH44044
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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 Grafton at 12524 Melody Ln, Grafton, OH, 44044 offers a 9.18% rental yield on a $100,000 purchase with $765/mo rent. 79% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $765/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.41 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44044, Grafton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,952 (100%) |
| Owner Occupied HU | 4,208 (85.0%) |
| Renter Occupied HU | 555 (11.2%) |
| Vacant Housing Units | 189 ( 3.8%) |
| Median Home Value | $299,470 |
| Average Home Value | $316,501 |
Housing Distribution
Address Breakdown
Residential
5,002
Single Family
4,995
Multi-Family
7
Businesses
255
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-12 | Listed for sale | $100,000 |
| 2024-08-16 | Sold | $31,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-15 | $12655.70 | -32.99% | $26,930 | N/A |
| 2022-07-15 | $18885.72 | 55.71% | $26,930 | N/A |
| 2021-07-15 | $12128.60 | 12.31% | $26,930 | 37.19% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1956
- Architectural Style: Ranch
- Building Area: 1,132
- Living Area: 1,132 sqft
- Property Condition: Fixer
Features & Amenities
- Heating: Electric, Forced Air
- Cooling: Central Air, Ceiling Fan(s)
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached, Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Marcella Musat • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5139275
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