527 Belmont AveNilesOH44446
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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 Niles at 527 Belmont Ave, Niles, OH, 44446 offers a 14.41% rental yield on a $106,000 purchase with $1,273/mo rent. Total monthly income registers $1,273/mo, and a $519/mo payment leaves $576/mo available for distribution. Annual cash flow reaches $6,907/yr on $35,139 to close, and return on cash invested stands at 39.56% in year one. Equity gained on principal adds $684/yr while 5% annual appreciation supports $29,286 over five years. Portfolio math shows five-year ROI at 208.84% and total cumulative return in cash at $73,384. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,273/mo property income against a $519/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44446, Niles, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,343 (100%) |
| Owner Occupied HU | 5,642 (54.5%) |
| Renter Occupied HU | 3,682 (35.6%) |
| Vacant Housing Units | 1,019 ( 9.9%) |
| Median Home Value | $117,049 |
| Average Home Value | $152,137 |
Housing Distribution
Address Breakdown
Residential
9,714
Single Family
8,011
Multi-Family
1,703
Businesses
739
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