8704 Elmdale TrceMacedoniaOH44056
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 Macedonia at 8704 Elmdale Trce, Macedonia, OH, 44056 at $249,900 posts ROI 21.72% with $125/mo cash flow from $2,064/mo rent. Total monthly income equals $2,064/mo, and annual cash flow records $1,504/yr on $82,842 to close. Return on cash invested measures 21.72% and rental yield reads 9.91% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 114.66% and total cumulative return in cash totals $94,982.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,064/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1999
2,382 sqft lot
$N/A/sqft
$295 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44056, Macedonia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,121 (100%) |
| Owner Occupied HU | 4,488 (87.6%) |
| Renter Occupied HU | 460 ( 9.0%) |
| Vacant Housing Units | 173 ( 3.4%) |
| Median Home Value | $329,079 |
| Average Home Value | $338,703 |
Housing Distribution
Address Breakdown
Residential
5,051
Single Family
4,835
Multi-Family
216
Businesses
408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maggie Hubert • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls Provider:
Mls ID: #5097475
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