5617 Burns RdNorth OlmstedOH44070
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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 North Olmsted at 5617 Burns Rd, North Olmsted, OH, 44070 offers a 16.79% rental yield on a $164,500 purchase with $2,302/mo rent. Total monthly income registers $2,302/mo, and a $805/mo payment leaves $1,220/mo available for distribution. Annual cash flow reaches $14,641/yr on $54,532 to close, and return on cash invested stands at 46.76% in year one. Equity gained on principal adds $1,061/yr while 5% annual appreciation supports $45,448 over five years. Portfolio math shows five-year ROI at 247.43% and total cumulative return in cash at $134,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,302/mo property income against a $805/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44070, North Olmsted, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 10,418 (72.9%) |
| Renter Occupied HU | 3,234 (22.6%) |
| Vacant Housing Units | 646 ( 4.5%) |
| Median Home Value | $219,250 |
| Average Home Value | $237,989 |
Housing Distribution
Address Breakdown
Residential
14,046
Single Family
10,924
Multi-Family
3,122
Businesses
964
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Nearby investment properties with comparable prices
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