29 W Seminary 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
Rental property for sale in Norwalk at 29 W Seminary St, Norwalk, OH, 44857 priced at $180,000 converts $1,217/mo rent into $33/mo cash flow after a $881/mo obligation. Total monthly income equals $1,217/mo, and annual cash flow totals $396/yr on $59,670 invested. Return on cash invested prints 20.57% in year one, and rental yield reads 8.11% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 106.92% and total cumulative return in cash sums $63,797. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,217/mo property income covering a $881/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
7,313 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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