505 E Friendship St, Medina, OH, 44256 | $325/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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505 E Friendship St, Medina, OH, 44256 | $325/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Medina at 505 E Friendship St, Medina, OH, 44256 generates $2,100/mo in rent and, after a $1,321/mo payment, leaves $325/mo in cash flow. Total monthly income is $2,100/mo, and annual cash flow is $3,896/yr on $89,472 invested. Return on cash invested sits at 24.26% in year one, and rental yield is 9.34% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash sums $113,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,100/mo property income rather than buyer’s personal income.

Single Family

Built in 1963

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Great mid-size ranch home offers 3 bedrooms and 1 1/2 baths. Extremely well-maintained through the years with nice updates such as windows, furnace, cooktop, driveway, etc. Super convenient location on Medina's east side gets you quickly to the Square, shopping, restaurants, schools, medical, and easy highway access. Large living room with fireplace, dining room, and kitchen with all appliances. Enjoy 3 bedrooms, a full bath, and half bath all on the main floor. Laundry hookups are currently set up in the half bath for convenience but seller will switch out for a vanity upon request. Original laundry hookups are located in the spacious basement. Inside the 2 car garage, with openers, is a handy ramp that can remain or be removed, at buyer's preference. Call now for your private showing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44256, Medina, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,490 (100%)
Owner Occupied HU	21,011 (76.4%)
Renter Occupied HU	5,268 (19.2%)
Vacant Housing Units	1,211 ( 4.4%)
Median Home Value	$336,289
Average Home Value	$370,303