538 Morningstar DrTallmadgeOH44278
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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 Tallmadge at 538 Morningstar Dr, Tallmadge, OH, 44278 earns $979/mo cash flow from $2,886/mo rent with a $1,419/mo payment. Total monthly income totals $2,886/mo, and annual cash flow totals $11,748/yr on $96,102 capital. ROI tracks 32.13% on current figures, and rental yield reads 11.95% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 168.91% and total cumulative return in cash sums $162,321. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,886/mo property income instead of your personal income.
Condo
Built in 2000
1,463 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44278, Tallmadge, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,104 (100%) |
| Owner Occupied HU | 6,092 (75.2%) |
| Renter Occupied HU | 1,781 (22.0%) |
| Vacant Housing Units | 231 ( 2.9%) |
| Median Home Value | $259,957 |
| Average Home Value | $287,026 |
Housing Distribution
Address Breakdown
Residential
7,980
Single Family
7,515
Multi-Family
465
Businesses
653
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