29 Olive StNorwalkOH44857
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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 Norwalk at 29 Olive St, Norwalk, OH, 44857 uses $61,294 cash to close to unlock $2,937/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $1,461/mo, and a $905/mo payment keeps the spread at $245/mo. Purchase price stands at $184,900, and rental yield measures 9.48% with $1,461/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 129.07% and total cumulative return in cash records $79,111. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,461/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1950
9,452 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44857, Norwalk, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,627 (100%) |
| Owner Occupied HU | 6,526 (61.4%) |
| Renter Occupied HU | 3,354 (31.6%) |
| Vacant Housing Units | 747 ( 7.0%) |
| Median Home Value | $184,568 |
| Average Home Value | $225,391 |
Housing Distribution
Address Breakdown
Residential
10,054
Single Family
9,518
Multi-Family
536
Businesses
795
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