2033 E River Rd UNIT 45Newton FallsOH44444
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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 Newton Falls at 2033 E River Rd UNIT 45, Newton Falls, OH, 44444 earns $408/mo cash flow from $1,822/mo rent with a $1,052/mo payment. Total monthly income totals $1,822/mo, and annual cash flow totals $4,899/yr on $71,239 capital. ROI tracks 26.79% on current figures, and rental yield reads 10.17% at a $214,900 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 over five years. Five-year ROI reaches 140.29% and total cumulative return in cash sums $99,942. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,822/mo property income instead of your personal income.
Condo
Built in 2005
9,844 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44444, Newton Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,541 (100%) |
| Owner Occupied HU | 2,850 (62.8%) |
| Renter Occupied HU | 1,240 (27.3%) |
| Vacant Housing Units | 451 ( 9.9%) |
| Median Home Value | $148,354 |
| Average Home Value | $179,702 |
Housing Distribution
Address Breakdown
Residential
4,522
Single Family
4,140
Multi-Family
382
Businesses
252
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