385 NantucketGenevaOH44041
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 Geneva at 385 Nantucket, Geneva, OH, 44041 priced at $249,900 converts $2,976/mo rent into $1,059/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,976/mo, and annual cash flow totals $12,712/yr on $82,842 invested. Return on cash invested prints 35.25% in year one, and rental yield reads 14.29% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 187.11% and total cumulative return in cash sums $155,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,976/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$273 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44041, Geneva, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,989 (100%) |
| Owner Occupied HU | 4,219 (60.4%) |
| Renter Occupied HU | 1,495 (21.4%) |
| Vacant Housing Units | 1,275 (18.2%) |
| Median Home Value | $193,242 |
| Average Home Value | $251,361 |
Housing Distribution
Address Breakdown
Residential
6,176
Single Family
6,006
Multi-Family
170
Businesses
517
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Nearby investment properties with comparable prices
Listed by: Robin L Gallagher • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5089333
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