232 Damon DrMunroe FallsOH44262
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 Munroe Falls at 232 Damon Dr, Munroe Falls, OH, 44262 priced at $264,900 converts $2,064/mo rent into $5/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,064/mo, and annual cash flow totals $60/yr on $87,814 invested. Return on cash invested prints 19.98% in year one, and rental yield reads 9.35% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 105.33% and total cumulative return in cash sums $92,492. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,064/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 2002
1,520 sqft lot
$N/A/sqft
$309 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44262, Munroe Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,122 (100%) |
| Owner Occupied HU | 1,734 (81.7%) |
| Renter Occupied HU | 329 (15.5%) |
| Vacant Housing Units | 59 ( 2.8%) |
| Median Home Value | $254,141 |
| Average Home Value | $324,572 |
Housing Distribution
Address Breakdown
Residential
2,190
Single Family
1,917
Multi-Family
273
Businesses
158
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Nearby investment properties with comparable prices
Listed by: Pamela Sison • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls Provider:
Mls ID: #5134306
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