202 River Glen Dr NEWarrenOH44484
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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 Warren at 202 River Glen Dr NE, Warren, OH, 44484 priced at $240,000 converts $2,176/mo rent into $247/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,176/mo, and annual cash flow totals $2,964/yr on $79,560 invested. Return on cash invested prints 23.63% in year one, and rental yield reads 10.88% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 125.24% and total cumulative return in cash sums $99,638. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,176/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44484, Warren, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,527 (100%) |
| Owner Occupied HU | 6,923 (65.8%) |
| Renter Occupied HU | 2,724 (25.9%) |
| Vacant Housing Units | 880 ( 8.4%) |
| Median Home Value | $177,362 |
| Average Home Value | $203,307 |
Housing Distribution
Address Breakdown
Residential
9,989
Single Family
9,618
Multi-Family
371
Businesses
766
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