6894 Paradise WayNorth 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 6894 Paradise Way, North Ridgeville, OH, 44039 listed at $223,000 pairs $2,123/mo rent with a $1,091/mo payment to leave $422/mo cash flow. Total monthly income runs $2,123/mo, and annual cash flow reaches $5,059/yr on $73,925 cash to close. Return on cash invested measures 26.75% in year one, and rental yield registers 11.42% at a $223,000 basis. Equity gained on principal adds $1,439/yr, and annual property appreciation at 5% supports $61,611 by year five. Five-year ROI tracks 141.44% and total cumulative return in cash totals $104,561. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,123/mo property income relative to a $1,091/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
N/A lot
$N/A/sqft
$235 monthly 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: Donna Templeton • Howard Hanna
Mls Name: MLS Now
Mls ID: #5135112