24597 Clareshire Dr APT 201North OlmstedOH44070
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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 North Olmsted at 24597 Clareshire Dr APT 201, North Olmsted, OH, 44070 uses $41,404 cash to close to unlock $1,941/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $983/mo, and a $611/mo payment keeps the spread at $162/mo. Purchase price stands at $124,900, and rental yield measures 9.44% with $983/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 128.5% and total cumulative return in cash records $53,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $983/mo property income covering a $611/mo payment rather than investor’s personal income.
Condo
Built in 1964
3.40 Acres lot
$N/A/sqft
No 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
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Listed by: David J Sleva • Real of Ohio
Mls Name: MLS Now
Mls ID: #5147126