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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lagrange at 513 Arabian Ct, Lagrange, OH, 44050 priced at $169,900 converts $1,680/mo rent into $387/mo cash flow after a $832/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $4,647/yr on $56,322 invested. Return on cash invested prints 28.16% in year one, and rental yield reads 11.87% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 149.04% and total cumulative return in cash sums $83,942. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1976
6,534 sqft lot
$N/A/sqft
$127 monthly HOA
Neighborhood data shown for ZIP Code: 44050, Lagrange, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,888 (100%) |
| Owner Occupied HU | 2,363 (81.8%) |
| Renter Occupied HU | 393 (13.6%) |
| Vacant Housing Units | 132 ( 4.6%) |
| Median Home Value | $302,010 |
| Average Home Value | $317,682 |
Residential
2,669
Single Family
2,669
Multi-Family
0
Businesses
151
Date | Event | Price |
|---|---|---|
| 2024-09-07 | Price change | $169,900 |
| 2024-07-08 | Pending sale | $159,900 |
| 2024-06-25 | Listed for sale | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-13 | $3155.56 | 0.62% | $24,890 | N/A |
| 2022-09-13 | $3136.10 | 39.73% | $24,890 | N/A |
| 2021-09-13 | $2244.34 | 11.56% | $24,890 | 18.47% |
Listed by: Chris Pilan • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5048481
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2024 - Multiple Listing Service, Inc. All Rights Reserved.
