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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Norwalk at 4936 Gibbs Rd, Norwalk, OH, 44857 generates $1,320/mo in rent, after a $2,325/mo payment. Total monthly income is $1,320/mo. Return on cash invested sits at 6.16% in year one, and rental yield is 3.33% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 29.62% and total cumulative return in cash sums $46,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44857, Norwalk, OH area.
| 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 |
Residential
10,054
Single Family
9,518
Multi-Family
536
Businesses
795
Date | Event | Price |
|---|---|---|
| 2022-06-06 | Sold | $342,500 |
| 2022-04-28 | Contingent | $325,000 |
| 2022-04-23 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-04 | $2557.42 | -0.12% | $85,110 | N/A |
| 2022-06-04 | $2560.40 | 4.30% | $85,110 | 8.13% |
| 2021-06-04 | $2454.82 | 6.88% | $78,710 | 11.85% |
Listed by: Carla J. Tessari • Russell Real Estate Services
Mls Name: Firelands MLS
Mls ID: #20251898
Disclaimer: Listing information is deemed reliable, but not guaranteed.
