23855 David DrNorth OlmstedOH44070
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 23855 David Dr, North Olmsted, OH, 44070 in North Olmsted is the 1.75 coverage ratio: rent of $944/mo versus a $540/mo debt payment on a $120,000 property. Rental yield 9.44%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $33,154 by year five, with $1,105/yr in equity from paydown. Total projected cumulative return: $36,429.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $(165) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $944 |
| Total Monthly Debt Service | $1,062 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1964
9.14 Acres lot
$N/A/sqft
$320 monthly 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
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
Condo
Built in 1964
9.14 Acres lot
$N/A/sqft
$320 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas R Papas • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5117204
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