2383 16th StCuyahoga FallsOH44223
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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 Cuyahoga Falls at 2383 16th St, Cuyahoga Falls, OH, 44223 offers a 9.15% rental yield on a $375,000 purchase with $2,858/mo rent. Total monthly income registers $2,858/mo, and a $1,835/mo payment leaves $392/mo available for distribution. Annual cash flow reaches $4,701/yr on $124,313 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 123.64% and total cumulative return in cash at $153,699. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,858/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44223, Cuyahoga Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,805 (100%) |
| Owner Occupied HU | 6,400 (65.3%) |
| Renter Occupied HU | 2,924 (29.8%) |
| Vacant Housing Units | 481 ( 4.9%) |
| Median Home Value | $251,874 |
| Average Home Value | $293,032 |
Housing Distribution
Address Breakdown
Residential
8,385
Single Family
7,842
Multi-Family
543
Businesses
622
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Listed by: Jessica Nader • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls ID: #5140753