34 Pitt StNorwalkOH44857
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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 Norwalk at 34 Pitt St, Norwalk, OH, 44857 uses $46,377 cash to close to unlock $3,474/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $1,210/mo, and a $685/mo payment keeps the spread at $290/mo. Purchase price stands at $139,900, and rental yield measures 10.38% with $1,210/mo rent. Return on cash invested shows 27.4% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 143.59% and total cumulative return in cash records $66,591. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,210/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 2000
N/A 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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