520 Milan Ave LOT 104NorwalkOH44857
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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 520 Milan Ave LOT 104, Norwalk, OH, 44857 listed at $105,500 pairs $842/mo rent with a $516/mo payment to leave $148/mo cash flow. Total monthly income runs $842/mo, and annual cash flow reaches $1,781/yr on $34,973 cash to close. Return on cash invested measures 25% in year one, and rental yield registers 9.58% at a $105,500 basis. Equity gained on principal adds $681/yr, and annual property appreciation at 5% supports $29,148 by year five. Five-year ROI tracks 130.74% and total cumulative return in cash totals $45,723. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $842/mo property income relative to a $516/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2024
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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