150 Whittlesey Ave, Norwalk, OH, 44857 | $640/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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150 Whittlesey Ave, Norwalk, OH, 44857 | $640/mo Cash Flow | Ziffy

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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 150 Whittlesey Ave, Norwalk, OH, 44857 priced at $174,900 pairs $1,790/mo rent with $640/mo cash flow after a $856/mo payment. Total monthly income equals $1,790/mo, and annual cash flow comes to $7,675/yr on $57,979 invested. Return on cash invested is 33.15% in year one, and rental yield stands at 12.28% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 174.37% and total cumulative return in cash reaches $101,100. For financing, Ziffy Mortgage’s DSCR program evaluates $1,790/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1910

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Completely Updated! Seller Will Pay $2000.00 Towards Buyers Closing Costs! 4 Bedroom, 2 Bath Home In Norwalk Ohio Close To The Parks, Downtown, Restaurants And Stores. This Home Has All Brand New Carpet Throughout, Freshly Painted And New Light Fixtures! Wait Until You See This Kitchen! Custom Made High Quality Cabinets All Slow Closing With Stunning Solid Granite Countertops! Completely Remodeled Bathroom, First Floor Laundry, Dinette Off The Kitchen As Well As A Formal Dining Room. Main Part Of The Roof Approximately 12 Years Old, Rear Portion Of The Roof Brand New. 200 Amp Amp Electric Panel With Room For Growth And Vinyl High Efficient Double Pain Windows. First Floor Master Bedroom Could Also Be Used As An Office Space. Don't Forget About The Huge Mostly Fenced In Back Yard! Forced Air Furnace With A Couple Electric Baseboard Heaters To Keep The Balance Just Right.

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