7697 Micawber Rd NEWarrenOH44484
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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 Warren at 7697 Micawber Rd NE, Warren, OH, 44484 uses $106,047 cash to close to unlock $642/yr annual cash flow and $54/mo monthly cash flow. Total monthly income runs $2,158/mo, and a $1,566/mo payment keeps the spread at $54/mo. Purchase price stands at $319,900, and rental yield measures 8.1% with $2,158/mo rent. Return on cash invested shows 20.51% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 106.62% and total cumulative return in cash records $113,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,158/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44484, Warren, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,527 (100%) |
| Owner Occupied HU | 6,923 (65.8%) |
| Renter Occupied HU | 2,724 (25.9%) |
| Vacant Housing Units | 880 ( 8.4%) |
| Median Home Value | $177,362 |
| Average Home Value | $203,307 |
Housing Distribution
Address Breakdown
Residential
9,989
Single Family
9,618
Multi-Family
371
Businesses
766
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