7465 Millrace Ln #103Sagamore HillsOH44067
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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 Sagamore Hills at 7465 Millrace Ln #103, Sagamore Hills, OH, 44067 listed at $179,900 pairs $1,393/mo rent with a $881/mo payment to leave $209/mo cash flow. Total monthly income runs $1,393/mo, and annual cash flow reaches $2,510/yr on $59,637 cash to close. Return on cash invested measures 24.12% in year one, and rental yield registers 9.29% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 125.98% and total cumulative return in cash totals $75,129. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,393/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
1,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44067, Northfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,881 (100%) |
| Owner Occupied HU | 7,229 (81.4%) |
| Renter Occupied HU | 1,393 (15.7%) |
| Vacant Housing Units | 259 ( 2.9%) |
| Median Home Value | $283,482 |
| Average Home Value | $302,728 |
Housing Distribution
Address Breakdown
Residential
8,890
Single Family
8,187
Multi-Family
703
Businesses
472
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Listed by: Dawn Borris • McDowell Homes Real Estate Services
Mls Name: MLS Now
Mls ID: #5179346