24601 Mitchell DrNorth 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 24601 Mitchell Dr, North Olmsted, OH, 44070 earns $249/mo cash flow from $2,290/mo rent with a $1,454/mo payment. Total monthly income totals $2,290/mo, and annual cash flow totals $2,990/yr on $98,456 capital. ROI tracks 22.95% on current figures, and rental yield reads 9.25% at a $297,000 purchase. Equity gained on principal adds $1,916/yr, and 5% annual appreciation supports $82,056 over five years. Five-year ROI reaches 120.06% and total cumulative return in cash sums $118,206. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,290/mo property income instead of your personal income.
Single Family
Built in 1964
9,321 sqft 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: Meghan Kopp • Howard Hanna
Mls Name: MLS Now
Mls ID: #5154897