615 Ledge RdMacedoniaOH44056
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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 Macedonia at 615 Ledge Rd, Macedonia, OH, 44056 priced at $324,900 converts $2,355/mo rent into $218/mo cash flow after a $1,590/mo obligation. Total monthly income equals $2,355/mo, and annual cash flow totals $2,617/yr on $107,704 invested. Return on cash invested prints 22.34% in year one, and rental yield reads 8.7% against a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,764 by year five. Five-year ROI reaches 116.41% and total cumulative return in cash sums $125,381. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,355/mo property income covering a $1,590/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44056, Macedonia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,121 (100%) |
| Owner Occupied HU | 4,488 (87.6%) |
| Renter Occupied HU | 460 ( 9.0%) |
| Vacant Housing Units | 173 ( 3.4%) |
| Median Home Value | $329,079 |
| Average Home Value | $338,703 |
Housing Distribution
Address Breakdown
Residential
5,051
Single Family
4,835
Multi-Family
216
Businesses
408
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