5150 Phillips Rice RdCortlandOH44410
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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 Cortland at 5150 Phillips Rice Rd, Cortland, OH, 44410 uses $44,753 cash to close to unlock $1,389/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $1,004/mo, and a $661/mo payment keeps the spread at $116/mo. Purchase price stands at $135,000, and rental yield measures 8.92% with $1,004/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 120.02% and total cumulative return in cash records $53,713. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,004/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1957
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44410, Cortland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 5,689 (74.8%) |
| Renter Occupied HU | 1,374 (18.1%) |
| Vacant Housing Units | 541 ( 7.1%) |
| Median Home Value | $205,225 |
| Average Home Value | $216,773 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,498
Multi-Family
246
Businesses
500
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