1527 N Main StNilesOH44446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Niles at 1527 N Main St, Niles, OH, 44446 uses $49,228 cash to close to unlock $5,556/yr annual cash flow and $463/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $727/mo payment keeps the spread at $463/mo. Purchase price stands at $148,500, and rental yield measures 11.64% with $1,440/mo rent. Return on cash invested shows 31.2% in year one, and 5% annual appreciation builds toward $41,028 over five years. Five-year ROI reaches 163.99% and total cumulative return in cash records $80,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $727/mo payment rather than investor’s personal income.
Single Family
Built in 1915
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44446, Niles, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,343 (100%) |
| Owner Occupied HU | 5,642 (54.5%) |
| Renter Occupied HU | 3,682 (35.6%) |
| Vacant Housing Units | 1,019 ( 9.9%) |
| Median Home Value | $117,049 |
| Average Home Value | $152,137 |
Housing Distribution
Address Breakdown
Residential
9,714
Single Family
8,011
Multi-Family
1,703
Businesses
739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices