23411 Grist Mill Ct #2Olmsted 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
Investment property for sale in Olmsted Falls at 23411 Grist Mill Ct #2, Olmsted Falls, OH, 44138 listed at $249,500 pairs $2,010/mo rent with a $1,221/mo payment to leave $369/mo cash flow. Total monthly income runs $2,010/mo, and annual cash flow reaches $4,428/yr on $82,709 cash to close. Return on cash invested measures 25.26% in year one, and rental yield registers 9.67% at a $249,500 basis. Equity gained on principal adds $1,610/yr, and annual property appreciation at 5% supports $68,932 by year five. Five-year ROI tracks 132.13% and total cumulative return in cash totals $109,281. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,010/mo property income relative to a $1,221/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1993
N/A 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: Joy Larson • Keller Williams Elevate
Mls Name: MLS Now
Mls ID: #5179635