26476 Locust Dr, Olmsted Falls, OH, 44138 | $574/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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26476 Locust Dr, Olmsted Falls, OH, 44138 | $574/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Olmsted Falls at 26476 Locust Dr, Olmsted Falls, OH, 44138 generates $2,578/mo in rent and, after a $1,419/mo payment, leaves $574/mo in cash flow. Total monthly income is $2,578/mo, and annual cash flow is $6,884/yr on $96,102 invested. Return on cash invested sits at 27.07% in year one, and rental yield is 10.67% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 142.21% and total cumulative return in cash sums $136,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,578/mo property income rather than buyer’s personal income.

Single Family

Built in 1968

0.26 Acres lot

$N/A/sqft

$29 monthly HOA

More details about the property

Beautifully Updated 3-bedroom, 2-bath With An Attached 2-car Garage Is Ready For You To Move Right In! Step Inside To Find Newer Laminate Wood Flooring Flowing Through The Open-concept Living Room And Dining Room, Creating A Warm And Inviting Atmosphere. Tastefully Updated Kitchen Features Crisp White Cabinets, New Countertops, Refrigerator 2024, And A Classic White Subway Tile Backsplash. Coffee Bar Adds Extra Storage And Versatile Counter Space Perfect For Entertaining Or Morning Routines. Canned Lighting Added In Kitchen And Living Room. Lower Level, Enjoy The Spa-like Full Bath With A Luxurious Soaking Tub, And A Family Room With Fresh Carpet Ideal For A Second Living Area, Home Office, Or Playroom. Upstairs, You'll Find Wood Floors And Ceiling Fans In All Bedrooms, Including A Spacious Primary Bedrooms And A Large Full Bath To Accommodate The Entire Household. Outside, The Large Fenced Backyard With Patio Is Perfect For Pets, Kids, Or Weekend Bbqs. The Neighborhood Offers Great Amenities Like A Basketball Court And Swimming Pool Fun For All! Updates Features Include: Hvac - '13, Roof/windows '12, New Landscaping In Front Yard '22, Laminate Flooring In Full Bath, Ceiling Fan In Living Room And Bedroom, Painted Interior And Exterior. Don't Miss This Opportunity Schedule Your Showing Today And Make This Wonderful Home Yours! Showings Start Wednesday, 9/24, Open House Saturday, 9/27!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44138, Olmsted Falls, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,137 (100%)
Owner Occupied HU	7,629 (75.3%)
Renter Occupied HU	2,036 (20.1%)
Vacant Housing Units	472 ( 4.7%)
Median Home Value	$274,659
Average Home Value	$287,334