611 Crossings CirTallmadgeOH44278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Tallmadge at 611 Crossings Cir, Tallmadge, OH, 44278 priced at $289,999 converts $2,574/mo rent into $157/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,574/mo, and annual cash flow totals $1,882/yr on $96,135 invested. Return on cash invested prints 21.87% in year one, and rental yield reads 10.65% against a $289,999 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,121 by year five. Five-year ROI reaches 116.15% and total cumulative return in cash sums $111,664. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,574/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Condo
Built in 2004
1,907 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44278, Tallmadge, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,104 (100%) |
| Owner Occupied HU | 6,092 (75.2%) |
| Renter Occupied HU | 1,781 (22.0%) |
| Vacant Housing Units | 231 ( 2.9%) |
| Median Home Value | $259,957 |
| Average Home Value | $287,026 |
Housing Distribution
Address Breakdown
Residential
7,980
Single Family
7,515
Multi-Family
465
Businesses
653
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Nearby investment properties with comparable prices
Listed by: John Markley • Markley Realty, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #4471715
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