6610 Lear Nagle Rd #220North RidgevilleOH44039
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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
Investment property for sale in North Ridgeville at 6610 Lear Nagle Rd #220, North Ridgeville, OH, 44039 offers a 11.21% rental yield on a $105,900 purchase with $989/mo rent. Total monthly income registers $989/mo, and a $518/mo payment leaves $293/mo available for distribution. Annual cash flow reaches $3,513/yr on $35,106 to close, and return on cash invested stands at 29.92% in year one. Equity gained on principal adds $683/yr while 5% annual appreciation supports $29,258 over five years. Portfolio math shows five-year ROI at 157.06% and total cumulative return in cash at $55,136. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $989/mo property income against a $518/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
N/A 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: N/A • Northridge Cove
Mls Name: Northridge Cove
Mls ID: #N/A