1407 Newman DrBrunswickOH44212
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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 Brunswick at 1407 Newman Dr, Brunswick, OH, 44212 at $345,000 posts ROI 8.8% with from $1,576/mo rent. Total monthly income equals $1,576/mo. Return on cash invested measures 8.8% and rental yield reads 5.48% at the current $345,000. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 by year five. Five-year ROI prints 45.18% and total cumulative return in cash totals $51,676. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,576/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2005
2,130 sqft lot
$N/A/sqft
$365 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44212, Brunswick, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,242 (100%) |
| Owner Occupied HU | 14,796 (76.9%) |
| Renter Occupied HU | 3,871 (20.1%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $270,866 |
| Average Home Value | $287,421 |
Housing Distribution
Address Breakdown
Residential
18,668
Single Family
16,905
Multi-Family
1,763
Businesses
969
Price History
Date | Event | Price |
|---|---|---|
| 2024-06-12 | Listed for sale | $345,000 |
| 2006-12-22 | Sold | $213,200 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3847.44 | 0.67% | $80,080 | N/A |
| 2022-10-15 | $3821.94 | 28.39% | $80,080 | 28.01% |
| 2021-10-15 | $2976.88 | N/A | $62,560 | N/A |
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Facts & Features
General Information
- Type: Condo
- Year Built: 2005
- Architectural Style: Ranch
- Building Area: 1,692
- Living Area: 1,692 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Primary Downstairs, Open Floorplan, Central Vacuum
- Exterior Features: N/A
- Parking Features: Attached, Garage
Location
HOA & Fees
- HOA Fee: $365 monthly
- Association Fee: $365 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Association Management, Insurance, Maintenance Grounds, Maintenance Structure, Recreation Facilities, Reserve Fund, Snow Removal, Trash
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: Mary Reutzel Mraz • Broker Associates Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5043670
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