17854 Rapids RdHiramOH44234
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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 Hiram at 17854 Rapids Rd, Hiram, OH, 44234 uses $135,948 cash to close to unlock $4,328/yr annual cash flow and $361/mo monthly cash flow. Total monthly income runs $3,058/mo, and a $2,007/mo payment keeps the spread at $361/mo. Purchase price stands at $410,100, and rental yield measures 8.95% with $3,058/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $113,303 over five years. Five-year ROI reaches 120.42% and total cumulative return in cash records $163,711. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,058/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Single Family
Built in 1959
9.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44234, Hiram, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,496 (100%) |
| Owner Occupied HU | 1,215 (81.2%) |
| Renter Occupied HU | 203 (13.6%) |
| Vacant Housing Units | 78 ( 5.2%) |
| Median Home Value | $291,314 |
| Average Home Value | $330,741 |
Housing Distribution
Address Breakdown
Residential
1,144
Single Family
1,144
Multi-Family
0
Businesses
57
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