142 N Linden Ave APT 501OrrvilleOH44667
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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 Orrville at 142 N Linden Ave APT 501, Orrville, OH, 44667 uses $58,013 cash to close to unlock $1,373/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $1,421/mo, and a $857/mo payment keeps the spread at $114/mo. Purchase price stands at $175,000, and rental yield measures 9.74% with $1,421/mo rent. Return on cash invested shows 22.28% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 117.26% and total cumulative return in cash records $68,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,421/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1992
6,534 sqft lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44667, Orrville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,724 (100%) |
| Owner Occupied HU | 3,708 (64.8%) |
| Renter Occupied HU | 1,705 (29.8%) |
| Vacant Housing Units | 311 ( 5.4%) |
| Median Home Value | $220,000 |
| Average Home Value | $247,383 |
Housing Distribution
Address Breakdown
Residential
5,451
Single Family
5,143
Multi-Family
308
Businesses
363
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Listed by: Mike Parker • Coldwell Banker Ward RE
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110458
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