206 Tournament TrlCortlandOH44410
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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 Cortland at 206 Tournament Trl, Cortland, OH, 44410 offers $1,767/mo rent that, after a $771/mo payment, leaves $358/mo cash flow. Total monthly income is $1,767/mo, and annual cash flow is $4,296/yr on $52,211 cash. Return on cash invested measures 28.14% in year one, and rental yield stands at 13.46% at a $157,500 entry. Equity gained on principal adds $1,016/yr while 5% annual appreciation compounds into $43,514 by year five. Five-year ROI records 150.7% and total cumulative return in cash reaches $78,681. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,767/mo property income versus a $771/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44410, Cortland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 5,689 (74.8%) |
| Renter Occupied HU | 1,374 (18.1%) |
| Vacant Housing Units | 541 ( 7.1%) |
| Median Home Value | $205,225 |
| Average Home Value | $216,773 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,498
Multi-Family
246
Businesses
500
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