3262 Pheasant Run #CCortlandOH44410
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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 Cortland at 3262 Pheasant Run #C, Cortland, OH, 44410 earns $656/mo cash flow from $1,871/mo rent with a $761/mo payment. Total monthly income totals $1,871/mo, and annual cash flow totals $7,875/yr on $51,548 capital. ROI tracks 35.19% on current figures, and rental yield reads 14.44% at a $155,500 purchase. Equity gained on principal adds $1,003/yr, and 5% annual appreciation supports $42,962 over five years. Five-year ROI reaches 186.94% and total cumulative return in cash sums $96,365. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,871/mo property income instead of your personal income.
Condo
Built in 1998
435.60 sqft lot
$N/A/sqft
$192 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44410, Cortland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 5,689 (74.8%) |
| Renter Occupied HU | 1,374 (18.1%) |
| Vacant Housing Units | 541 ( 7.1%) |
| Median Home Value | $205,225 |
| Average Home Value | $216,773 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,498
Multi-Family
246
Businesses
500
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Listed by: John Devorich • William Zamarelli, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5141159
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