3495 W 231st St, North Olmsted, OH, 44070 | $836/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

3495 W 231st St, North Olmsted, OH, 44070 | $836/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
2036 sft

4666 Brendan Cir, North Olmsted, OH, 44070

4 Bed
2 Bath
1920 sft

4631 Williamstown Dr, North Olmsted, OH, 44070

4 Bed
3 Bath
2996 sft

27008 Sweetbriar Dr, North Olmsted, OH, 44070

4 Bed
3 Bath
2208 sft

29880 Westminster Dr, North Olmsted, OH, 44070

Nearby investment properties with comparable prices

3 Bed
2 Bath
1736 sft

105 W Spring Dr, Elyria, OH, 44035

3 Bed
2 Bath
2268 sft

4728 Azalea Ln, North Olmsted, OH, 44070

3 Bed
3 Bath
1760 sft

38303 Misty Meadow Trl, North Ridgeville, OH, 44039

4 Bed
3 Bath
2687 sft

24994 Florence Ave, North Olmsted, OH, 44070

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in North Olmsted at 3495 W 231st St, North Olmsted, OH, 44070 generates $3,000/mo in rent and, after a $1,610/mo payment, leaves $836/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $10,034/yr on $109,064 invested. Return on cash invested sits at 29.11% in year one, and rental yield is 10.94% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 152.73% and total cumulative return in cash sums $166,569. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.

Multi Family

Built in 1918

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Exceptional Investment Opportunity in North Olmsted! Step into a rare chance to own a meticulously maintained 4-suite rental property in the heart of North Olmsted. Perfectly blending classic charm with modern conveniences, this property is designed to deliver strong rental income and long-term value. Each of the four generously sized one-bedroom, one-bath units comes fully equipped with appliances and its own separate electric meterensuring convenience for tenants and efficiency for the owner. The first-floor units feature private basements with laundry hookups, offering additional storage and tenant appeal. Outside, a detached four-car garage with openers provides ample parking and storage options. Nestled on a spacious, park-like lot, this property combines curb appeal with practicality, making it a standout in the North Olmsted rental market. Whether youre looking to expand your portfolio or step into a turnkey investment, this property is primed to generate steady rental income while offering long-term growth potential. Dont miss the chance to secure a prime income-producing asset in one of Clevelands most desirable suburbs!

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