22976 Maple Ridge RdNorth OlmstedOH44070
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 North Olmsted at 22976 Maple Ridge Rd, North Olmsted, OH, 44070 generates $1,015/mo in rent and, after a $636/mo payment, leaves $160/mo in cash flow. Total monthly income is $1,015/mo, and annual cash flow is $1,922/yr on $43,095 invested. Return on cash invested sits at 24.37% in year one, and rental yield is 9.37% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 127.37% and total cumulative return in cash sums $54,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,015/mo property income rather than buyer’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44070, North Olmsted, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 10,418 (72.9%) |
| Renter Occupied HU | 3,234 (22.6%) |
| Vacant Housing Units | 646 ( 4.5%) |
| Median Home Value | $219,250 |
| Average Home Value | $237,989 |
Housing Distribution
Address Breakdown
Residential
14,046
Single Family
10,924
Multi-Family
3,122
Businesses
964
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen Bergansky • Keller Williams Living
Mls Name: MLS Now
Mls ID: #5149717