501 W Market StOrrvilleOH44667
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 Orrville at 501 W Market St, Orrville, OH, 44667 priced at $134,000 converts $1,379/mo rent into $497/mo cash flow after a $656/mo obligation. Total monthly income equals $1,379/mo, and annual cash flow totals $5,969/yr on $44,421 invested. Return on cash invested prints 33.35% in year one, and rental yield reads 12.35% against a $134,000 entry. Equity gained on principal adds $865/yr, while 5% annual appreciation compiles into $37,022 by year five. Five-year ROI reaches 175.45% and total cumulative return in cash sums $77,939. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,379/mo property income covering a $656/mo payment, not borrower’s personal income.
Multi Family
Built in 1917
7,997 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44667, Orrville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,724 (100%) |
| Owner Occupied HU | 3,708 (64.8%) |
| Renter Occupied HU | 1,705 (29.8%) |
| Vacant Housing Units | 311 ( 5.4%) |
| Median Home Value | $220,000 |
| Average Home Value | $247,383 |
Housing Distribution
Address Breakdown
Residential
5,451
Single Family
5,143
Multi-Family
308
Businesses
363
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Nearby investment properties with comparable prices
Listed by: Adam P Hanzie • Wiles Hanzie Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5072858
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