2 Scarlett Queen DrNorwalkOH44857
Nearby investment properties with comparable rents
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 Norwalk at 2 Scarlett Queen Dr, Norwalk, OH, 44857 priced at $140,000 pairs $1,080/mo rent with $159/mo cash flow after a $685/mo payment. Total monthly income equals $1,080/mo, and annual cash flow comes to $1,912/yr on $46,410 invested. Return on cash invested is 24.03% in year one, and rental yield stands at 9.26% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 125.5% and total cumulative return in cash reaches $58,246. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2003
7,686 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices