669 Cedar DrCortlandOH44410
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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 Cortland at 669 Cedar Dr, Cortland, OH, 44410 priced at $398,500 converts $3,025/mo rent into $404/mo cash flow after a $1,950/mo obligation. Total monthly income equals $3,025/mo, and annual cash flow totals $4,850/yr on $132,103 invested. Return on cash invested prints 23.58% in year one, and rental yield reads 9.11% against a $398,500 entry. Equity gained on principal adds $2,571/yr, while 5% annual appreciation compiles into $110,098 by year five. Five-year ROI reaches 123.06% and total cumulative return in cash sums $162,565. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,025/mo property income covering a $1,950/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44410, Cortland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,604 (100%) |
| Owner Occupied HU | 5,689 (74.8%) |
| Renter Occupied HU | 1,374 (18.1%) |
| Vacant Housing Units | 541 ( 7.1%) |
| Median Home Value | $205,225 |
| Average Home Value | $216,773 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,498
Multi-Family
246
Businesses
500
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