1476 Scranton Rd, Norwalk, OH, 44857 | $186/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1476 Scranton Rd, Norwalk, OH, 44857 | $186/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Norwalk at 1476 Scranton Rd, Norwalk, OH, 44857 generates $1,232/mo in rent and, after a $778/mo payment, leaves $186/mo in cash flow. Total monthly income is $1,232/mo, and annual cash flow is $2,236/yr on $52,709 invested. Return on cash invested sits at 24.15% in year one, and rental yield is 9.3% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 126.17% and total cumulative return in cash sums $66,504. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,232/mo property income rather than buyer’s personal income.

Single Family

Built in 1975

0.97 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome To 1467 Scranton Rd., A Charming One-story Home Set On Nearly An Acre (0.97) With A Beautiful Country View. This Property Offers The Flexibility Of Up To Four Bedrooms, With The Dining Room Thoughtfully Extended Into One Of The Bedrooms To Create A Spacious And Inviting Feel.recent Updates Provide Peace Of Mind, Including Engineered Flooring (5 Years), Refaced Kitchen Cabinets (approx. 20 Years), A Durable Metal Roof (10-12 Years), And Replacement Of The Front Door And Large Front Window (7-8 Years). The Back Slider Was Updated 5-6 Years Ago. Comfort Features Include Electric Heat That Still Functions Well, Along With Central Air And A Heat Pump System Installed About 10 Years Ago.originally Built In 1975, This Home Has Been Well Cared For, First Rented In 1982 And Then Owner-occupied Since 1984. With Its Practical Updates, Spacious Layout, And Serene Setting, This Home Is Ready For Its Next Chapter.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44857, Norwalk, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,627 (100%)
Owner Occupied HU	6,526 (61.4%)
Renter Occupied HU	3,354 (31.6%)
Vacant Housing Units	747 ( 7.0%)
Median Home Value	$184,568
Average Home Value	$225,391