16176 Ravenna RdBurtonOH44021
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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 Burton at 16176 Ravenna Rd, Burton, OH, 44021 uses $104,423 cash to close to unlock $3,861/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,542/mo payment keeps the spread at $322/mo. Purchase price stands at $315,000, and rental yield measures 9.12% with $2,394/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 123.19% and total cumulative return in cash records $128,633. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1901
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44021, Burton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,464 (100%) |
| Owner Occupied HU | 1,879 (76.3%) |
| Renter Occupied HU | 444 (18.0%) |
| Vacant Housing Units | 141 ( 5.7%) |
| Median Home Value | $323,501 |
| Average Home Value | $341,044 |
Housing Distribution
Address Breakdown
Residential
2,024
Single Family
2,024
Multi-Family
0
Businesses
229
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