32 N Old State RdNorwalkOH44857
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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 32 N Old State Rd, Norwalk, OH, 44857 generates $1,642/mo in rent and, after a $1,018/mo payment, leaves $274/mo in cash flow. Total monthly income is $1,642/mo, and annual cash flow is $3,286/yr on $68,952 invested. Return on cash invested sits at 24.68% in year one, and rental yield is 9.47% on a $208,000 entry. Equity gained on principal adds $1,342/yr, while 5% annual appreciation builds toward $57,467 over five years. Five-year ROI reaches 128.91% and total cumulative return in cash sums $88,884. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,642/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.31 Acres 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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