42 Grassland Cir, Norwalk, OH, 44857 | 3.57% Rental Yield

For Sale

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

Investment property for sale in Norwalk at 42 Grassland Cir, Norwalk, OH, 44857 offers a 3.57% rental yield on a $727,000 purchase with $2,160/mo rent. 91% in year one. Equity gained on principal adds $4,691/yr while 5% annual appreciation supports $200,857 over five years. Portfolio math shows five-year ROI at 33.61% and total cumulative return in cash at $80,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $3,558/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2015

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 44857, Norwalk, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,627 (100%)
Owner Occupied HU	6,526 (61.4%)
Renter Occupied HU	3,354 (31.6%)
Vacant Housing Units	747 ( 7.0%)
Median Home Value	$184,568
Average Home Value	$225,391