4909 Independence Cir UNIT CStowOH44224
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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 Stow at 4909 Independence Cir UNIT C, Stow, OH, 44224 uses $64,311 cash to close to unlock $3,810/yr annual cash flow and $318/mo monthly cash flow. Total monthly income runs $1,922/mo, and a $950/mo payment keeps the spread at $318/mo. Purchase price stands at $194,000, and rental yield measures 11.89% with $1,922/mo rent. Return on cash invested shows 25.83% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 137.38% and total cumulative return in cash records $88,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,922/mo property income covering a $950/mo payment rather than investor’s personal income.
Condo
Built in 1973
1,367 sqft lot
$N/A/sqft
$309 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44224, Stow, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,413 (100%) |
| Owner Occupied HU | 11,724 (67.3%) |
| Renter Occupied HU | 4,780 (27.5%) |
| Vacant Housing Units | 909 ( 5.2%) |
| Median Home Value | $280,740 |
| Average Home Value | $301,513 |
Housing Distribution
Address Breakdown
Residential
17,311
Single Family
15,040
Multi-Family
2,271
Businesses
1,037
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