734 Parkway BlvdAllianceOH44601
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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 Alliance at 734 Parkway Blvd, Alliance, OH, 44601 priced at $179,000 converts $1,498/mo rent into $321/mo cash flow after a $876/mo obligation. Total monthly income equals $1,498/mo, and annual cash flow totals $3,848/yr on $59,339 invested. Return on cash invested prints 26.39% in year one, and rental yield reads 10.04% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 138.15% and total cumulative return in cash sums $81,975. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,498/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1924
7,601 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44601, Alliance, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,809 (100%) |
| Owner Occupied HU | 8,563 (57.8%) |
| Renter Occupied HU | 4,914 (33.2%) |
| Vacant Housing Units | 1,332 ( 9.0%) |
| Median Home Value | $169,580 |
| Average Home Value | $200,568 |
Housing Distribution
Address Breakdown
Residential
14,023
Single Family
13,311
Multi-Family
712
Businesses
978
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