244 Adelaide Ave SEWarrenOH44483
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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 Warren at 244 Adelaide Ave SE, Warren, OH, 44483 offers a 11.56% rental yield on a $137,000 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $671/mo payment leaves $418/mo available for distribution. Annual cash flow reaches $5,021/yr on $45,416 to close, and return on cash invested stands at 30.96% in year one. Equity gained on principal adds $884/yr while 5% annual appreciation supports $37,851 over five years. Portfolio math shows five-year ROI at 162.72% and total cumulative return in cash at $73,900. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
6,351 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44483, Warren, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,784 (100%) |
| Owner Occupied HU | 6,855 (58.2%) |
| Renter Occupied HU | 3,566 (30.3%) |
| Vacant Housing Units | 1,363 (11.6%) |
| Median Home Value | $118,028 |
| Average Home Value | $158,441 |
Housing Distribution
Address Breakdown
Residential
10,978
Single Family
9,818
Multi-Family
1,160
Businesses
758
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