8026 Elm StGarrettsvilleOH44231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Garrettsville at 8026 Elm St, Garrettsville, OH, 44231 uses $69,615 cash to close to unlock $1,650/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $1,519/mo, and a $1,028/mo payment keeps the spread at $138/mo. Purchase price stands at $210,000, and rental yield measures 8.68% with $1,519/mo rent. Return on cash invested shows 22.28% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 116.08% and total cumulative return in cash records $80,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,519/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44231, Garrettsville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,430 (100%) |
| Owner Occupied HU | 2,723 (79.4%) |
| Renter Occupied HU | 527 (15.4%) |
| Vacant Housing Units | 180 ( 5.2%) |
| Median Home Value | $236,682 |
| Average Home Value | $266,403 |
Housing Distribution
Address Breakdown
Residential
3,469
Single Family
3,310
Multi-Family
159
Businesses
202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ava J Wagner • Berkshire Hathaway HomeServices Stouffer Realty
Mls Name: MLS Now
Mls ID: #5133394