60 High Point Dr UNIT 13MedinaOH44256
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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 Medina at 60 High Point Dr UNIT 13, Medina, OH, 44256 priced at $248,000 converts $2,648/mo rent into $782/mo cash flow after a $1,214/mo obligation. Total monthly income equals $2,648/mo, and annual cash flow totals $9,378/yr on $82,212 invested. Return on cash invested prints 31.32% in year one, and rental yield reads 12.81% against a $248,000 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation compiles into $68,518 by year five. Five-year ROI reaches 165.81% and total cumulative return in cash sums $136,314. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,648/mo property income covering a $1,214/mo payment, not borrower’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44256, Medina, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,490 (100%) |
| Owner Occupied HU | 21,011 (76.4%) |
| Renter Occupied HU | 5,268 (19.2%) |
| Vacant Housing Units | 1,211 ( 4.4%) |
| Median Home Value | $336,289 |
| Average Home Value | $370,303 |
Housing Distribution
Address Breakdown
Residential
27,371
Single Family
25,459
Multi-Family
1,912
Businesses
1,848
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