41553 Parsons Rd, Lagrange, OH, 44050 | $630/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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41553 Parsons Rd, Lagrange, OH, 44050 | $630/mo Cash Flow | Ziffy

Recently Sold

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lagrange at 41553 Parsons Rd, Lagrange, OH, 44050 generates $2,999/mo in rent and, after a $1,763/mo payment, leaves $630/mo in cash flow. Total monthly income is $2,999/mo, and annual cash flow is $7,558/yr on $119,373 invested. Return on cash invested sits at 26.24% in year one, and rental yield is 9.99% on a $360,100 entry. Equity gained on principal adds $2,324/yr, while 5% annual appreciation builds toward $99,489 over five years. Five-year ROI reaches 137.3% and total cumulative return in cash sums $163,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,999/mo property income rather than buyer’s personal income.

Single Family

Built in 2000

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Warning; you may fall in love before you walk in the front door! This is it a meticulously maintained Colonial located in desirable LaGrange Township, served by Keystone Schools. Built in 2000, this one owner home offers a spacious 1,750 sq ft. With 3 bedrooms, 2 full bathrooms, and a half bath on the main level, perfect for family living and entertaining. Enjoy peace of mind with major recent updates, including a newer furnace and A/C (2024) and a newer hot water tank (2024) we also cant forget about the newer roof (2018). The remodeled kitchen boasts granite countertops, a stylish tile backsplash, and updated cabinetry ideal for the modern chef. Newer real hardwood floors add warmth and elegance throughout the main living area. Upstairs, youll find all three generously sized bedrooms, including the homes first full bathroom conveniently located off the hallway. The primary suite features its own private full bathroom and a spacious walk-in closet, offering both comfort and convenience. This well-loved home is ready for its next chapter- dont let this opportunity slip away from you!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44050, Lagrange, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,888 (100%)
Owner Occupied HU	2,363 (81.8%)
Renter Occupied HU	393 (13.6%)
Vacant Housing Units	132 ( 4.6%)
Median Home Value	$302,010
Average Home Value	$317,682