3675 Clague Rd UNIT 216North OlmstedOH44070
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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 Olmsted at 3675 Clague Rd UNIT 216, North Olmsted, OH, 44070 generates $946/mo in rent and, after a $582/mo payment, leaves $164/mo in cash flow. Total monthly income is $946/mo, and annual cash flow is $1,964/yr on $39,449 invested. Return on cash invested sits at 24.89% in year one, and rental yield is 9.54% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 130.09% and total cumulative return in cash sums $51,317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $946/mo property income rather than buyer’s personal income.
Condo
Built in 1969
5.11 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: Michael C Rath • ERA Real Solutions Realty
Mls Name: MLS Now
Mls ID: #5180984