7437 W Point DrNorth 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
Rental property for sale in North Ridgeville at 7437 W Point Dr, North Ridgeville, OH, 44039 priced at $200,000 pairs $1,410/mo rent with $94/mo cash flow after a $979/mo payment. Total monthly income equals $1,410/mo, and annual cash flow comes to $1,132/yr on $66,300 invested. Return on cash invested is 21.62% in year one, and rental yield stands at 8.46% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 112.54% and total cumulative return in cash reaches $74,612. For financing, Ziffy Mortgage’s DSCR program evaluates $1,410/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.31 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $200,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-18 | $2195.04 | 10.17% | $47,160 | N/A |
| 2022-04-18 | $1992.34 | -0.38% | $47,160 | N/A |
| 2021-04-18 | $1999.94 | 28.16% | $47,160 | 29.31% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1962
- Architectural Style: Ranch
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached, Garage
Location
- City: North Ridgeville
- State: OH
- Subdivision: Point Homes
- Lot Size: 0.31 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Robert J Cole Sr. • RE/MAX Above & Beyond
Mls Name: MLS Now
Mls Provider:
Mls ID: #5115091
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