500 E State Route 61NorwalkOH44857
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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 500 E State Route 61, Norwalk, OH, 44857 earns from $3,917/mo rent with a $3,213/mo payment. Total monthly income totals $3,917/mo. ROI tracks 17.83% on current figures, and rental yield reads 7.16% at a $656,500 purchase. Equity gained on principal adds $4,236/yr, and 5% annual appreciation supports $181,379 over five years. Five-year ROI reaches 92.18% and total cumulative return in cash sums $199,094. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,917/mo property income instead of your personal income.
Single Family
Built in 1982
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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