2323 Riverfront PkwyCuyahoga FallsOH44221
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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 Cuyahoga Falls at 2323 Riverfront Pkwy, Cuyahoga Falls, OH, 44221 generates $1,682/mo in rent and, after a $945/mo payment, leaves $412/mo in cash flow. Total monthly income is $1,682/mo, and annual cash flow is $4,945/yr on $63,980 invested. Return on cash invested sits at 27.64% in year one, and rental yield is 10.46% on a $193,000 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 144.88% and total cumulative return in cash sums $92,694. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,682/mo property income rather than buyer’s personal income.
Condo
Built in 1985
1,197 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44221, Cuyahoga Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,653 (100%) |
| Owner Occupied HU | 8,080 (55.1%) |
| Renter Occupied HU | 5,925 (40.4%) |
| Vacant Housing Units | 648 ( 4.4%) |
| Median Home Value | $165,896 |
| Average Home Value | $191,382 |
Housing Distribution
Address Breakdown
Residential
14,460
Single Family
12,323
Multi-Family
2,137
Businesses
766
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Listed by: Donna J Tanno • Berkshire Hathaway HomeServices Stouffer Realty
Mls Name: MLS Now
Mls ID: #5135986