370 Cherry Rdg #60TallmadgeOH44278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Tallmadge at 370 Cherry Rdg #60, Tallmadge, OH, 44278 generates $3,043/mo in rent, after a $2,525/mo payment. Total monthly income is $3,043/mo. Return on cash invested sits at 17.58% in year one, and rental yield is 7.08% on a $515,880 entry. Equity gained on principal adds $3,329/yr, while 5% annual appreciation builds toward $142,528 over five years. Five-year ROI reaches 90.86% and total cumulative return in cash sums $154,213. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,043/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44278, Tallmadge, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,104 (100%) |
| Owner Occupied HU | 6,092 (75.2%) |
| Renter Occupied HU | 1,781 (22.0%) |
| Vacant Housing Units | 231 ( 2.9%) |
| Median Home Value | $259,957 |
| Average Home Value | $287,026 |
Housing Distribution
Address Breakdown
Residential
7,980
Single Family
7,515
Multi-Family
465
Businesses
653
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices