4933 Lear Nagle RdNorth RidgevilleOH44039
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 North Ridgeville at 4933 Lear Nagle Rd, North Ridgeville, OH, 44039 generates $2,697/mo in rent and, after a $1,566/mo payment, leaves $592/mo in cash flow. Total monthly income is $2,697/mo, and annual cash flow is $7,108/yr on $106,080 invested. Return on cash invested sits at 26.61% in year one, and rental yield is 10.11% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 139.3% and total cumulative return in cash sums $147,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,697/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44039, North Ridgeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,553 (100%) |
| Owner Occupied HU | 13,447 (86.5%) |
| Renter Occupied HU | 1,576 (10.1%) |
| Vacant Housing Units | 530 ( 3.4%) |
| Median Home Value | $261,243 |
| Average Home Value | $286,939 |
Housing Distribution
Address Breakdown
Residential
15,610
Single Family
15,152
Multi-Family
458
Businesses
604
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Nearby investment properties with comparable prices
Listed by: Kristine Korber • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls Provider:
Mls ID: #5137941
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