408 S Colonial DrCortlandOH44410
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
Investment property for sale in Cortland at 408 S Colonial Dr, Cortland, OH, 44410 with 5% annual appreciation on a $249,900 basis while $1,751/mo rent supports operations. Total monthly income totals $1,751/mo and a $1,223/mo payment preserves $107/mo for cash returns. Annual cash flow comes to $1,288/yr on $82,842 deployed, and return on cash invested reaches 21.46% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 8.41%. Five-year ROI measures 111.71% and total cumulative return in cash totals $92,546.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,751/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44410, Cortland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 5,689 (74.8%) |
| Renter Occupied HU | 1,374 (18.1%) |
| Vacant Housing Units | 541 ( 7.1%) |
| Median Home Value | $205,225 |
| Average Home Value | $216,773 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,498
Multi-Family
246
Businesses
500
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices