5459 Cornell AveNorth 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 5459 Cornell Ave, North Ridgeville, OH, 44039 priced at $229,900 converts $1,575/mo rent into $63/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,575/mo, and annual cash flow totals $756/yr on $76,212 invested. Return on cash invested prints 20.9% in year one, and rental yield reads 8.22% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 108.64% and total cumulative return in cash sums $82,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,575/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1975
6,534 sqft 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
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Nearby investment properties with comparable prices
Listed by: Danielle N Mayo • Berkshire Hathaway HomeServices Professional Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5118320
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