12840 Drake RdNorth 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
Investment property for sale in North Royalton at 12840 Drake Rd, North Royalton, OH, 44133 offers a 4.73% rental yield on a $417,000 purchase with $1,645/mo rent. 38% in year one. Equity gained on principal adds $2,691/yr while 5% annual appreciation supports $115,209 over five years. Portfolio math shows five-year ROI at 52.28% and total cumulative return in cash at $72,265. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,645/mo property income against a $2,041/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1970
0.76 Acres lot
$N/A/sqft
No 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: Karry York • Keller Williams Citywide
Mls Name: MLS Now
Mls ID: #5177831