3463 Clague RdNorth OlmstedOH44070
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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
Rental property for sale in North Olmsted at 3463 Clague Rd, North Olmsted, OH, 44070 priced at $183,333 converts $2,400/mo rent into $1,194/mo cash flow after a $897/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $14,333/yr on $60,775 invested. Return on cash invested prints 43.49% in year one, and rental yield reads 15.71% against a $183,333 entry. Equity gained on principal adds $1,183/yr, while 5% annual appreciation compiles into $50,652 by year five. Five-year ROI reaches 229.86% and total cumulative return in cash sums $139,699. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $897/mo payment, not borrower’s personal income.
Single Family
Built in 1953
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44070, North Olmsted, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 10,418 (72.9%) |
| Renter Occupied HU | 3,234 (22.6%) |
| Vacant Housing Units | 646 ( 4.5%) |
| Median Home Value | $219,250 |
| Average Home Value | $237,989 |
Housing Distribution
Address Breakdown
Residential
14,046
Single Family
10,924
Multi-Family
3,122
Businesses
964
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Listed by: Ross C Barton III • Beth Rose Real Estate and Auctions, LLC
Mls Name: MLS Now
Mls ID: #5152823