27460 Sprague RdOlmsted TownshipOH44138
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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 Olmsted Township at 27460 Sprague Rd, Olmsted Township, OH, 44138 uses $95,903 cash to close to unlock $15,348/yr annual cash flow and $1,279/mo monthly cash flow. Total monthly income runs $3,215/mo, and a $1,416/mo payment keeps the spread at $1,279/mo. Purchase price stands at $289,300, and rental yield measures 13.34% with $3,215/mo rent. Return on cash invested shows 35.91% in year one, and 5% annual appreciation builds toward $79,928 over five years. Five-year ROI reaches 189.38% and total cumulative return in cash records $181,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,215/mo property income covering a $1,416/mo payment rather than investor’s personal income.
Single Family
Built in 1910
12.38 Acres lot
$N/A/sqft
$33 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
8,739
Multi-Family
1,437
Businesses
305
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