8523 Columbia RdOlmsted FallsOH44138
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 Olmsted Falls at 8523 Columbia Rd, Olmsted Falls, OH, 44138 earns $1,108/mo cash flow from $2,554/mo rent with a $979/mo payment. Total monthly income totals $2,554/mo, and annual cash flow totals $13,292/yr on $66,300 capital. ROI tracks 39.96% on current figures, and rental yield reads 15.32% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 211.74% and total cumulative return in cash sums $140,384. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,554/mo property income instead of your personal income.
Single Family
Built in 1960
0.25 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44138, Olmsted Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,137 (100%) |
| Owner Occupied HU | 7,629 (75.3%) |
| Renter Occupied HU | 2,036 (20.1%) |
| Vacant Housing Units | 472 ( 4.7%) |
| Median Home Value | $274,659 |
| Average Home Value | $287,334 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
8,739
Multi-Family
1,437
Businesses
305
Price History
Date | Event | Price |
|---|---|---|
| 2025-10-01 | Sold | $200,000 |
| 2025-09-19 | Pending sale | $185,000 |
| 2025-09-16 | Listed for sale | $185,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $4607.34 | -0.36% | $72,940 | 21.51% |
| 2023-10-18 | $4623.88 | 0.59% | $60,030 | N/A |
| 2022-10-18 | $4596.88 | 0.93% | $60,030 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1960
- Architectural Style: Ranch
- Building Area: 2,085
- Living Area: 2,085 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Eat-in Kitchen
- Exterior Features: N/A
- Parking Features: Attached, Driveway, Garage
Location
- City: Olmsted Falls
- State: OH
- Subdivision: Olmsted 02
- Lot Size: 0.25 Acres
- Lot Features: Flat, Level
- View: City Lights, City, Neighborhood
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Kyle Thomas • Berkshire Hathaway HomeServices Stouffer Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5157052
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.