8217 Park AveGarrettsvilleOH44231
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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 Garrettsville at 8217 Park Ave, Garrettsville, OH, 44231 uses $83,405 cash to close to unlock $13,062/yr annual cash flow and $1,088/mo monthly cash flow. Total monthly income runs $2,743/mo, and a $1,231/mo payment keeps the spread at $1,088/mo. Purchase price stands at $251,600, and rental yield measures 13.08% with $2,743/mo rent. Return on cash invested shows 35.57% in year one, and 5% annual appreciation builds toward $69,512 over five years. Five-year ROI reaches 187.35% and total cumulative return in cash records $156,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,743/mo property income covering a $1,231/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.34 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
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