73 Periwinkle DrOlmsted FallsOH44138
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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 Olmsted Falls at 73 Periwinkle Dr, Olmsted Falls, OH, 44138 priced at $114,500 converts $915/mo rent into $162/mo cash flow after a $560/mo obligation. Total monthly income equals $915/mo, and annual cash flow totals $1,947/yr on $37,957 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 9.59% against a $114,500 entry. Equity gained on principal adds $739/yr, while 5% annual appreciation compiles into $31,634 by year five. Five-year ROI reaches 130.94% and total cumulative return in cash sums $49,700. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $915/mo property income covering a $560/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44138, Olmsted Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,137 (100%) |
| Owner Occupied HU | 7,629 (75.3%) |
| Renter Occupied HU | 2,036 (20.1%) |
| Vacant Housing Units | 472 ( 4.7%) |
| Median Home Value | $274,659 |
| Average Home Value | $287,334 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
8,739
Multi-Family
1,437
Businesses
305
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Listed by: Christine Morlan • CENTURY 21 DePiero & Associates, Inc.
Mls Name: MLS Now
Mls ID: #5180190