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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in North Olmsted at 5854 Stearns Rd, North Olmsted, OH, 44070 offers a 11.58% rental yield on a $248,800 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,218/mo payment leaves $719/mo available for distribution. Annual cash flow reaches $8,633/yr on $82,477 to close, and return on cash invested stands at 30.38% in year one. Equity gained on principal adds $1,605/yr while 5% annual appreciation supports $68,739 over five years. Portfolio math shows five-year ROI at 159.74% and total cumulative return in cash at $131,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,218/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44070, North Olmsted, OH area.
| 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 |
Residential
14,046
Single Family
10,924
Multi-Family
3,122
Businesses
964
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $248,800 |
| 2005-06-30 | Sold | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-17 | $4305.78 | 0.53% | $52,710 | N/A |
| 2022-03-17 | $4283.08 | 10.50% | $52,710 | N/A |
| 2021-03-17 | $3876.14 | 8.98% | $52,710 | 23.04% |
Listed by: Lana K Stover • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5106420
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.
