8280 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
Rental property for sale in Garrettsville at 8280 Park Ave, Garrettsville, OH, 44231 offers $1,846/mo rent that, after a $1,322/mo payment, leaves $70/mo cash flow. Total monthly income is $1,846/mo, and annual cash flow is $834/yr on $89,505 cash. Return on cash invested measures 20.84% in year one, and rental yield stands at 8.2% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 108.37% and total cumulative return in cash reaches $96,997. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,846/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
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
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Listed by: Tina Cox • Howard Hanna
Mls Name: MLS Now
Mls ID: #5119219