31816 Suncrest CirNorth RidgevilleOH44039
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 North Ridgeville at 31816 Suncrest Cir, North Ridgeville, OH, 44039 generates $4,366/mo in rent and, after a $2,325/mo payment, leaves $1,215/mo in cash flow. Total monthly income is $4,366/mo, and annual cash flow is $14,582/yr on $157,463 invested. Return on cash invested sits at 29.17% in year one, and rental yield is 11.03% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 153.11% and total cumulative return in cash sums $241,087. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,366/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
0.30 Acres lot
$N/A/sqft
$315 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44039, North Ridgeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,553 (100%) |
| Owner Occupied HU | 13,447 (86.5%) |
| Renter Occupied HU | 1,576 (10.1%) |
| Vacant Housing Units | 530 ( 3.4%) |
| Median Home Value | $261,243 |
| Average Home Value | $286,939 |
Housing Distribution
Address Breakdown
Residential
15,610
Single Family
15,152
Multi-Family
458
Businesses
604
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Nearby investment properties with comparable prices
Listed by: Dustin Purtan • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5069654
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