641 Franklin AveEnglewoodOH45322
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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 Englewood at 641 Franklin Ave, Englewood, OH, 45322 offers $1,108/mo rent that, after a $710/mo payment, leaves $154/mo cash flow. Total monthly income is $1,108/mo, and annual cash flow is $1,847/yr on $48,068 cash. Return on cash invested measures 23.75% in year one, and rental yield stands at 9.17% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 123.94% and total cumulative return in cash reaches $59,576. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,108/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
9,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45322, Englewood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,337 (100%) |
| Owner Occupied HU | 6,959 (74.5%) |
| Renter Occupied HU | 2,008 (21.5%) |
| Vacant Housing Units | 370 ( 4.0%) |
| Median Home Value | $195,998 |
| Average Home Value | $237,055 |
Housing Distribution
Address Breakdown
Residential
9,324
Single Family
8,933
Multi-Family
391
Businesses
535
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