5915 Cherokee AveWalbridgeOH43465
Nearby investment properties with comparable rents
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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 Walbridge at 5915 Cherokee Ave, Walbridge, OH, 43465 priced at $365,000 converts $3,448/mo rent into $1,048/mo cash flow after a $1,786/mo obligation. Total monthly income equals $3,448/mo, and annual cash flow totals $12,571/yr on $120,998 invested. Return on cash invested prints 30.3% in year one, and rental yield reads 11.34% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 159.08% and total cumulative return in cash sums $192,487. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,448/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43465, Walbridge, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,877 (68.6%) |
| Renter Occupied HU | 655 (23.9%) |
| Vacant Housing Units | 206 ( 7.5%) |
| Median Home Value | $156,226 |
| Average Home Value | $155,121 |
Housing Distribution
Address Breakdown
Residential
2,738
Single Family
2,368
Multi-Family
370
Businesses
118
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Listed by: Heidi Jenkins • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #6125920
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 NORIS. All rights reserved.