17 Scenic Dr #SCE17Olmsted FallsOH44138
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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
Rental property for sale in Olmsted Falls at 17 Scenic Dr #SCE17, Olmsted Falls, OH, 44138 offers $3,074/mo rent that, after a $553/mo payment, leaves $2,331/mo cash flow. Total monthly income is $3,074/mo, and annual cash flow is $27,971/yr on $37,426 cash. Return on cash invested measures 94.65% in year one, and rental yield stands at 32.67% at a $112,900 entry. Equity gained on principal adds $729/yr while 5% annual appreciation compounds into $31,192 by year five. Five-year ROI records 504.12% and total cumulative return in cash reaches $188,674. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,074/mo property income versus a $553/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44138, Olmsted Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,137 (100%) |
| Owner Occupied HU | 7,629 (75.3%) |
| Renter Occupied HU | 2,036 (20.1%) |
| Vacant Housing Units | 472 ( 4.7%) |
| Median Home Value | $274,659 |
| Average Home Value | $287,334 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
8,739
Multi-Family
1,437
Businesses
305
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Listed by: Nate Walker • Windward Communities
Mls Name: Windward Communities
Mls Provider:
Mls ID: #N/A