3583 Austin Rd LOT 5GenevaOH44041
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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 Geneva at 3583 Austin Rd LOT 5, Geneva, OH, 44041 uses $37,861 cash to close to unlock $1,809/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $902/mo, and a $559/mo payment keeps the spread at $151/mo. Purchase price stands at $114,210, and rental yield measures 9.48% with $902/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $31,554 over five years. Five-year ROI reaches 129% and total cumulative return in cash records $48,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $902/mo property income covering a $559/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44041, Geneva, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,989 (100%) |
| Owner Occupied HU | 4,219 (60.4%) |
| Renter Occupied HU | 1,495 (21.4%) |
| Vacant Housing Units | 1,275 (18.2%) |
| Median Home Value | $193,242 |
| Average Home Value | $251,361 |
Housing Distribution
Address Breakdown
Residential
6,176
Single Family
6,006
Multi-Family
170
Businesses
517
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Listed by: Tara Hawkins • Platinum Real Estate
Mls Name: MLS Now
Mls Provider:
Mls ID: #5093829
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