35109 Drake StNorth RidgevilleOH44039
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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
Rental property for sale in North Ridgeville at 35109 Drake St, North Ridgeville, OH, 44039 generates $2,408/mo in rent and, after a $793/mo payment, leaves $1,342/mo in cash flow. Total monthly income is $2,408/mo, and annual cash flow is $16,108/yr on $53,703 invested. Return on cash invested sits at 49.9% in year one, and rental yield is 17.84% on a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 264.26% and total cumulative return in cash sums $141,917. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,408/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
5,662 sqft lot
$N/A/sqft
No 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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Listed by: James E Foley • Howard Hanna
Mls Name: MLS Now
Mls ID: #5157817