2129 Austintown Warren RdMineral RidgeOH44440
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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 Mineral Ridge at 2129 Austintown Warren Rd, Mineral Ridge, OH, 44440 uses $43,062 cash to close to unlock $1,624/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $990/mo, and a $636/mo payment keeps the spread at $135/mo. Purchase price stands at $129,900, and rental yield measures 9.15% with $990/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 123.69% and total cumulative return in cash records $53,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $990/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1953
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44440, Mineral Ridge, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,864 (100%) |
| Owner Occupied HU | 1,413 (75.8%) |
| Renter Occupied HU | 330 (17.7%) |
| Vacant Housing Units | 121 ( 6.5%) |
| Median Home Value | $173,476 |
| Average Home Value | $173,309 |
Housing Distribution
Address Breakdown
Residential
1,878
Single Family
1,768
Multi-Family
110
Businesses
103
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Listed by: Adam J Matthews • CENTURY 21 Lakeside Realty
Mls Name: MLS Now
Mls ID: #5177429