27758 Norris RdTippecanoeOH44699
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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 Tippecanoe at 27758 Norris Rd, Tippecanoe, OH, 44699 offers a 9.17% rental yield on a $125,000 purchase with $955/mo rent. Total monthly income registers $955/mo, and a $612/mo payment leaves $78/mo available for distribution. Annual cash flow reaches $941/yr on $41,438 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 116.17% and total cumulative return in cash at $48,137. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $955/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.89 Acres lot
$N/A/sqft
$650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44699, Tippecanoe, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 604 (100%) |
| Owner Occupied HU | 365 (60.4%) |
| Renter Occupied HU | 75 (12.4%) |
| Vacant Housing Units | 164 (27.2%) |
| Median Home Value | $181,250 |
| Average Home Value | $230,514 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
500
Multi-Family
0
Businesses
14
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Listed by: Tanis Thompson • Howard Hanna
Mls Name: MLS Now
Mls ID: #5078329