6538 Pitts BlvdNorth RidgevilleOH44039
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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
Investment property for sale in North Ridgeville at 6538 Pitts Blvd, North Ridgeville, OH, 44039 uses $79,527 cash to close to unlock $638/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $1,631/mo, and a $1,174/mo payment keeps the spread at $53/mo. Purchase price stands at $239,900, and rental yield measures 8.16% with $1,631/mo rent. Return on cash invested shows 20.71% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 107.7% and total cumulative return in cash records $85,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,631/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1971
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44039, North Ridgeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,553 (100%) |
| Owner Occupied HU | 13,447 (86.5%) |
| Renter Occupied HU | 1,576 (10.1%) |
| Vacant Housing Units | 530 ( 3.4%) |
| Median Home Value | $261,243 |
| Average Home Value | $286,939 |
Housing Distribution
Address Breakdown
Residential
15,610
Single Family
15,152
Multi-Family
458
Businesses
604
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Listed by: Mark G Fetterman • RE/MAX Transitions
Mls Name: MLS Now
Mls ID: #5142273