803 Collins Pond DrRavennaOH44266
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
Rental property for sale in Ravenna at 803 Collins Pond Dr, Ravenna, OH, 44266 priced at $310,000 converts $2,834/mo rent into $795/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,834/mo, and annual cash flow totals $9,542/yr on $102,765 invested. Return on cash invested prints 29.19% in year one, and rental yield reads 10.97% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 153.18% and total cumulative return in cash sums $157,411. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,834/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.30 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Lesa Lillibridge • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5113631
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