38 Walnut CtMogadoreOH44260
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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 Mogadore at 38 Walnut Ct, Mogadore, OH, 44260 uses $60,996 cash to close to unlock $4,911/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $901/mo payment keeps the spread at $409/mo. Purchase price stands at $184,000, and rental yield measures 10.57% with $1,620/mo rent. Return on cash invested shows 27.96% in year one, and 5% annual appreciation builds toward $50,836 over five years. Five-year ROI reaches 146.59% and total cumulative return in cash records $89,413. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $901/mo payment rather than investor’s personal income.
Single Family
Built in 1917
7,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44260, Mogadore, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,724 (100%) |
| Owner Occupied HU | 4,605 (80.5%) |
| Renter Occupied HU | 906 (15.8%) |
| Vacant Housing Units | 213 ( 3.7%) |
| Median Home Value | $215,562 |
| Average Home Value | $250,408 |
Housing Distribution
Address Breakdown
Residential
5,406
Single Family
5,389
Multi-Family
17
Businesses
283
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