5 Reed StNorwalkOH44857
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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
Rental property for sale in Norwalk at 5 Reed St, Norwalk, OH, 44857 priced at $139,900 converts $1,091/mo rent into $171/mo cash flow after a $685/mo obligation. Total monthly income equals $1,091/mo, and annual cash flow totals $2,046/yr on $46,377 invested. Return on cash invested prints 24.32% in year one, and rental yield reads 9.36% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 127.08% and total cumulative return in cash sums $58,935. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,091/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,136 sqft 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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