3 Justin DrNorwalkOH44857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3 Justin Dr, Norwalk, OH, 44857 offers $1,840/mo rent that, after a $1,174/mo payment, leaves $262/mo cash flow. Total monthly income is $1,840/mo, and annual cash flow is $3,146/yr on $79,527 cash. Return on cash invested measures 23.86% in year one, and rental yield stands at 9.2% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 124.6% and total cumulative return in cash reaches $99,091. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,840/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
8,398 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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