23155 Wainwright TerOlmsted FallsOH44138
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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 Olmsted Falls at 23155 Wainwright Ter, Olmsted Falls, OH, 44138 generates $1,699/mo in rent, after a $1,385/mo payment. Total monthly income is $1,699/mo. Return on cash invested sits at 17.83% in year one, and rental yield is 7.21% on a $282,900 entry. Equity gained on principal adds $1,826/yr, while 5% annual appreciation builds toward $78,160 over five years. Five-year ROI reaches 92.23% and total cumulative return in cash sums $86,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,699/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
3,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44138, Olmsted Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,137 (100%) |
| Owner Occupied HU | 7,629 (75.3%) |
| Renter Occupied HU | 2,036 (20.1%) |
| Vacant Housing Units | 472 ( 4.7%) |
| Median Home Value | $274,659 |
| Average Home Value | $287,334 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
8,739
Multi-Family
1,437
Businesses
305
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Listed by: Patrick R Riley • Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
Mls Name: MLS Now
Mls ID: #5161658