31023 Lily Ln, North Olmsted, OH, 44070 | 7.25% Rental Yield

For Sale

Listed for sale 4 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,752/mo, and a $1,419/mo payment. Purchase price stands at $289,900, and rental yield measures 7.25% with $1,752/mo rent. Return on cash invested shows 17.97% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 92.95% and total cumulative return in cash records $89,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,752/mo property income covering a $1,419/mo payment rather than investor’s personal income.

Condo

Built in 1997

47.22 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 44070, North Olmsted, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,298 (100%)
Owner Occupied HU	10,418 (72.9%)
Renter Occupied HU	3,234 (22.6%)
Vacant Housing Units	646 ( 4.5%)
Median Home Value	$219,250
Average Home Value	$237,989