5 Patrician Dr #ENorwalkOH44857
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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 Norwalk at 5 Patrician Dr #E, Norwalk, OH, 44857 offers a 9.52% rental yield on a $134,900 purchase with $1,070/mo rent. Total monthly income registers $1,070/mo, and a $660/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,195/yr on $44,719 to close, and return on cash invested stands at 24.82% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 129.65% and total cumulative return in cash at $57,977. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,070/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
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 |
Housing Distribution
Address Breakdown
Residential
10,054
Single Family
9,518
Multi-Family
536
Businesses
795
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