557 North AveGenevaOH44041
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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
Rental property for sale in Geneva at 557 North Ave, Geneva, OH, 44041 priced at $284,900 converts $1,990/mo rent into $116/mo cash flow after a $1,394/mo obligation. Total monthly income equals $1,990/mo, and annual cash flow totals $1,397/yr on $94,444 invested. Return on cash invested prints 21.39% in year one, and rental yield reads 8.38% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 111.32% and total cumulative return in cash sums $105,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,990/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Single Family
Built in 1850
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44041, Geneva, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,989 (100%) |
| Owner Occupied HU | 4,219 (60.4%) |
| Renter Occupied HU | 1,495 (21.4%) |
| Vacant Housing Units | 1,275 (18.2%) |
| Median Home Value | $193,242 |
| Average Home Value | $251,361 |
Housing Distribution
Address Breakdown
Residential
6,176
Single Family
6,006
Multi-Family
170
Businesses
517
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