32471 Sourbrook LnNorth RidgevilleOH44039
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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
Investment property for sale in North Ridgeville at 32471 Sourbrook Ln, North Ridgeville, OH, 44039 uses $137,573 cash to close to unlock $3,653/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $3,034/mo, and a $2,031/mo payment keeps the spread at $304/mo. Purchase price stands at $415,000, and rental yield measures 8.77% with $3,034/mo rent. Return on cash invested shows 22.56% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 117.61% and total cumulative return in cash records $161,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,034/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.91 Acres lot
$N/A/sqft
No 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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Listed by: Virginia Lindsay • Keller Williams Citywide
Mls Name: MLS Now
Mls ID: #5137467