32885 Mills RdNorth 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
Investment property for sale in North Ridgeville at 32885 Mills Rd, North Ridgeville, OH, 44039 earns $216/mo cash flow from $2,022/mo rent with a $1,126/mo payment. Total monthly income totals $2,022/mo, and annual cash flow totals $2,592/yr on $76,245 capital. ROI tracks 23.31% on current figures, and rental yield reads 10.55% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 123.32% and total cumulative return in cash sums $94,027. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,022/mo property income instead of your personal income.
Condo
Built in 1971
5,357 sqft lot
$N/A/sqft
$3,514 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: Jodi Kidd • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5131160
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