8223 Montello RdIndependenceOH44131
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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 Independence at 8223 Montello Rd, Independence, OH, 44131 offers a 8.02% rental yield on a $379,900 purchase with $2,539/mo rent. Total monthly income registers $2,539/mo, and a $1,859/mo payment leaves $41/mo available for distribution. Annual cash flow reaches $486/yr on $125,937 to close, and return on cash invested stands at 20.29% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 105.44% and total cumulative return in cash at $132,785. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,539/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44131, Independence, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,994 (100%) |
| Owner Occupied HU | 8,002 (89.0%) |
| Renter Occupied HU | 618 ( 6.9%) |
| Vacant Housing Units | 374 ( 4.2%) |
| Median Home Value | $273,326 |
| Average Home Value | $319,893 |
Housing Distribution
Address Breakdown
Residential
9,046
Single Family
8,851
Multi-Family
195
Businesses
1,365
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Listed by: Bruce Flower • Russell Real Estate Services
Mls Name: MLS Now
Mls ID: #5159877