676 Norfolk CtJohnstownOH43031
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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 Johnstown at 676 Norfolk Ct, Johnstown, OH, 43031 priced at $364,000 converts $2,234/mo rent into after a $1,782/mo obligation. Total monthly income equals $2,234/mo. Return on cash invested prints 18.31% in year one, and rental yield reads 7.36% against a $364,000 entry. Equity gained on principal adds $2,349/yr, while 5% annual appreciation compiles into $100,566 by year five. Five-year ROI reaches 94.81% and total cumulative return in cash sums $114,401. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,234/mo property income covering a $1,782/mo payment, not borrower’s personal income.
Condo
Built in 2004
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43031, Johnstown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,418 (100%) |
| Owner Occupied HU | 4,160 (76.8%) |
| Renter Occupied HU | 1,143 (21.1%) |
| Vacant Housing Units | 115 ( 2.1%) |
| Median Home Value | $389,694 |
| Average Home Value | $439,511 |
Housing Distribution
Address Breakdown
Residential
5,444
Single Family
5,384
Multi-Family
60
Businesses
336
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