23020 Macbeth AveNorth OlmstedOH44070
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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 North Olmsted at 23020 Macbeth Ave, North Olmsted, OH, 44070 generates $2,052/mo in rent and, after a $1,174/mo payment, leaves $474/mo in cash flow. Total monthly income is $2,052/mo, and annual cash flow is $5,690/yr on $79,527 invested. Return on cash invested sits at 27.06% in year one, and rental yield is 10.26% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 141.77% and total cumulative return in cash sums $112,747. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,052/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
10,349 sqft 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
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Listed by: Robert L Rogers • Howard Hanna
Mls Name: MLS Now
Mls ID: #5179691