186 Briarcrest VlgNorwalkOH44857
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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
Rental property for sale in Norwalk at 186 Briarcrest Vlg, Norwalk, OH, 44857 offers $2,699/mo rent that, after a $1,806/mo payment. Total monthly income is $2,699/mo. Return on cash invested measures 17.38% in year one, and rental yield stands at 8.78% at a $369,000 entry. Equity gained on principal adds $2,381/yr while 5% annual appreciation compounds into $101,948 by year five. Five-year ROI records 91.64% and total cumulative return in cash reaches $112,095. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,699/mo property income versus a $1,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
$530 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,054
Single Family
9,518
Multi-Family
536
Businesses
795
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