54 South StBerlin HeightsOH44814
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 Berlin Heights at 54 South St, Berlin Heights, OH, 44814 priced at $254,500 converts $3,008/mo rent into $1,334/mo cash flow after a $1,246/mo obligation. Total monthly income equals $3,008/mo, and annual cash flow totals $16,003/yr on $84,367 invested. Return on cash invested prints 38.88% in year one, and rental yield reads 14.18% against a $254,500 entry. Equity gained on principal adds $1,642/yr, while 5% annual appreciation compiles into $70,314 by year five. Five-year ROI reaches 205.08% and total cumulative return in cash sums $173,023. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,008/mo property income covering a $1,246/mo payment, not borrower’s personal income.
Single Family
Built in 1880
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44814, Berlin Heights, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,148 (100%) |
| Owner Occupied HU | 943 (82.1%) |
| Renter Occupied HU | 123 (10.7%) |
| Vacant Housing Units | 82 ( 7.1%) |
| Median Home Value | $280,019 |
| Average Home Value | $285,164 |
Housing Distribution
Address Breakdown
Residential
1,063
Single Family
1,063
Multi-Family
0
Businesses
50
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Listed by: Victoria Borger • RE/MAX Quality Realty - Sandus
Mls Name: Firelands MLS
Mls ID: #20242343
Disclaimer: Listing information is deemed reliable, but not guaranteed.