5215 Jaycox RdNorth RidgevilleOH44039
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 North Ridgeville at 5215 Jaycox Rd, North Ridgeville, OH, 44039 generates $1,761/mo in rent and, after a $1,067/mo payment, leaves $327/mo in cash flow. Total monthly income is $1,761/mo, and annual cash flow is $3,924/yr on $72,267 invested. Return on cash invested sits at 25.34% in year one, and rental yield is 9.69% on a $218,000 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 132.54% and total cumulative return in cash sums $95,779. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,761/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44039, North Ridgeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,553 (100%) |
| Owner Occupied HU | 13,447 (86.5%) |
| Renter Occupied HU | 1,576 (10.1%) |
| Vacant Housing Units | 530 ( 3.4%) |
| Median Home Value | $261,243 |
| Average Home Value | $286,939 |
Housing Distribution
Address Breakdown
Residential
15,610
Single Family
15,152
Multi-Family
458
Businesses
604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason C Parsons • Howard Hanna
Mls Name: MLS Now
Mls ID: #5117689