7214 Hawthorn TrceIndependenceOH44131
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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 Independence at 7214 Hawthorn Trce, Independence, OH, 44131 priced at $885,000 converts $4,440/mo rent into after a $4,332/mo obligation. Total monthly income equals $4,440/mo. Return on cash invested prints 14.16% in year one, and rental yield reads 6.02% against a $885,000 entry. Equity gained on principal adds $5,711/yr, while 5% annual appreciation compiles into $244,509 by year five. Five-year ROI reaches 72.57% and total cumulative return in cash sums $211,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,440/mo property income covering a $4,332/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.53 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44131, Independence, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,994 (100%) |
| Owner Occupied HU | 8,002 (89.0%) |
| Renter Occupied HU | 618 ( 6.9%) |
| Vacant Housing Units | 374 ( 4.2%) |
| Median Home Value | $273,326 |
| Average Home Value | $319,893 |
Housing Distribution
Address Breakdown
Residential
9,046
Single Family
8,851
Multi-Family
195
Businesses
1,365
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Nearby investment properties with comparable prices
Listed by: Chris H Olsen • Olsen Ziegler Realty LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110254
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