26739 Lake Of The Falls Blvd, Olmsted Falls, OH, 44138 | $267/mo Cash Flow

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26739 Lake Of The Falls Blvd, Olmsted Falls, OH, 44138 | $267/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

Investment property for sale in Olmsted Falls at 26739 Lake Of The Falls Blvd, Olmsted Falls, OH, 44138 offers a 9.9% rental yield on a $159,900 purchase with $1,319/mo rent. Total monthly income registers $1,319/mo, and a $783/mo payment leaves $267/mo available for distribution. Annual cash flow reaches $3,202/yr on $53,007 to close, and return on cash invested stands at 25.95% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 135.75% and total cumulative return in cash at $71,958. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,319/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1972

39.20 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 26739 Lake of the Falls Boulevard, a beautiful 3 bedroom, 1.5 bathroom condo nestled in the sought-after Lake of the Falls community in Olmsted Falls. This 1,292 square foot unit offers a perfect blend of comfort and convenience. A nice patio for morning coffee and a space to plant a few flowers welcomes you out front. Inside, you will find a well-designed open layout with tons of natural light. The living room features newer laminate flooring and connects to the dining area, providing a functional space for gatherings. The kitchen features an opening to the living room, ample cabinet and counter space with a breakfast bar. Functional first floor half bathroom and laundry room located right off the kitchen. On the other side of the kitchen is your 1 car attached garage access. Fresh Paint throughout. Upstairs features 3 bedrooms and a full bathroom. Newer carpet through the hall and 2 bedrooms upstairs, the 3rd bedroom features newer flooring as well. New closet doors and ample closet space in the hallway and bedrooms. Storage will not be an issue. Enjoy the convenience of the community pool and playground, and low maintenance living with snow and grass taken care of for you with access to walking trails, a pond, and scenic green space. Located close to parks, shopping, and top-rated schools. Schedule your showing today!

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