243 W North StMedinaOH44256
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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 Medina at 243 W North St, Medina, OH, 44256 priced at $180,000 converts $1,416/mo rent into $232/mo cash flow after a $881/mo obligation. Total monthly income equals $1,416/mo, and annual cash flow totals $2,784/yr on $59,670 invested. Return on cash invested prints 24.57% in year one, and rental yield reads 9.44% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 128.37% and total cumulative return in cash sums $76,601. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,416/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1924
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44256, Medina, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,490 (100%) |
| Owner Occupied HU | 21,011 (76.4%) |
| Renter Occupied HU | 5,268 (19.2%) |
| Vacant Housing Units | 1,211 ( 4.4%) |
| Median Home Value | $336,289 |
| Average Home Value | $370,303 |
Housing Distribution
Address Breakdown
Residential
27,371
Single Family
25,459
Multi-Family
1,912
Businesses
1,848
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