2 S Old State RdNorwalkOH44857
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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 2 S Old State Rd, Norwalk, OH, 44857 priced at $299,000 pairs $3,044/mo rent with $1,078/mo cash flow after a $1,463/mo payment. Total monthly income equals $3,044/mo, and annual cash flow comes to $12,932/yr on $99,119 invested. Return on cash invested is 32.96% in year one, and rental yield stands at 12.22% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 173.33% and total cumulative return in cash reaches $171,802. For financing, Ziffy Mortgage’s DSCR program evaluates $3,044/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1994
0.35 Acres lot
$N/A/sqft
No 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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