5861 Lee AveNorth RidgevilleOH44039
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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 Ridgeville at 5861 Lee Ave, North Ridgeville, OH, 44039 earns $75/mo cash flow from $1,621/mo rent with a $1,150/mo payment. Total monthly income totals $1,621/mo, and annual cash flow totals $905/yr on $77,903 capital. ROI tracks 21.07% on current figures, and rental yield reads 8.28% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 109.6% and total cumulative return in cash sums $85,384. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,621/mo property income instead of your personal income.
Single Family
Built in 1977
5,662 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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Listed by: Karry York • Keller Williams Citywide
Mls Name: MLS Now
Mls ID: #5160382