38 Walnut Creek DrHollandOH43528
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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 Holland at 38 Walnut Creek Dr, Holland, OH, 43528 priced at $398,000 converts $2,917/mo rent into $299/mo cash flow after a $1,948/mo obligation. Total monthly income equals $2,917/mo, and annual cash flow totals $3,588/yr on $131,937 invested. Return on cash invested prints 22.63% in year one, and rental yield reads 8.79% against a $398,000 entry. Equity gained on principal adds $2,568/yr, while 5% annual appreciation compiles into $109,960 by year five. Five-year ROI reaches 117.97% and total cumulative return in cash sums $155,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,917/mo property income covering a $1,948/mo payment, not borrower’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43528, Holland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,856 (100%) |
| Owner Occupied HU | 4,885 (71.3%) |
| Renter Occupied HU | 1,642 (23.9%) |
| Vacant Housing Units | 329 ( 4.8%) |
| Median Home Value | $283,192 |
| Average Home Value | $313,594 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,664
Multi-Family
246
Businesses
785
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