32 E Madison AveNilesOH44446
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 Niles at 32 E Madison Ave, Niles, OH, 44446 priced at $149,900 converts $1,206/mo rent into $220/mo cash flow after a $734/mo obligation. Total monthly income equals $1,206/mo, and annual cash flow totals $2,636/yr on $49,692 invested. Return on cash invested prints 25.21% in year one, and rental yield reads 9.65% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 131.83% and total cumulative return in cash sums $65,507. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,206/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1930
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44446, Niles, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,343 (100%) |
| Owner Occupied HU | 5,642 (54.5%) |
| Renter Occupied HU | 3,682 (35.6%) |
| Vacant Housing Units | 1,019 ( 9.9%) |
| Median Home Value | $117,049 |
| Average Home Value | $152,137 |
Housing Distribution
Address Breakdown
Residential
9,714
Single Family
8,011
Multi-Family
1,703
Businesses
739
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Nearby investment properties with comparable prices
Listed by: Patty D Helmick • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5117361
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