23235 Mildred 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
Investment property for sale in North Olmsted at 23235 Mildred Ave, North Olmsted, OH, 44070 listed at $250,000 pairs $2,954/mo rent with a $1,224/mo payment to leave $1,247/mo cash flow. Total monthly income runs $2,954/mo, and annual cash flow reaches $14,960/yr on $82,875 cash to close. Return on cash invested measures 37.96% in year one, and rental yield registers 14.18% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 200.48% and total cumulative return in cash totals $166,150. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,954/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
8,777 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: Stephanie M Sonego • Howard Hanna
Mls Name: MLS Now
Mls ID: #5139872