37 Elgin Oval Blvd #ELG37OlmstedOH44138
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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 Olmsted at 37 Elgin Oval Blvd #ELG37, Olmsted, OH, 44138 uses $44,002 cash to close to unlock $1,759/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $650/mo payment keeps the spread at $147/mo. Purchase price stands at $132,737, and rental yield measures 9.22% with $1,020/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $36,673 over five years. Five-year ROI reaches 124.84% and total cumulative return in cash records $54,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $650/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: 44138, Olmsted Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,137 (100%) |
| Owner Occupied HU | 7,629 (75.3%) |
| Renter Occupied HU | 2,036 (20.1%) |
| Vacant Housing Units | 472 ( 4.7%) |
| Median Home Value | $274,659 |
| Average Home Value | $287,334 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
8,739
Multi-Family
1,437
Businesses
305
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