980-1 Memory LnAuroraOH44202
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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 Aurora at 980-1 Memory Ln, Aurora, OH, 44202 generates $3,380/mo in rent and, after a $2,199/mo payment, leaves $425/mo in cash flow. Total monthly income is $3,380/mo, and annual cash flow is $5,099/yr on $148,903 invested. Return on cash invested sits at 23.33% in year one, and rental yield is 9.03% on a $449,180 entry. Equity gained on principal adds $2,898/yr, while 5% annual appreciation builds toward $124,100 over five years. Five-year ROI reaches 121.71% and total cumulative return in cash sums $181,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,380/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44202, Aurora, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,208 (100%) |
| Owner Occupied HU | 7,394 (80.3%) |
| Renter Occupied HU | 1,332 (14.5%) |
| Vacant Housing Units | 482 ( 5.2%) |
| Median Home Value | $383,597 |
| Average Home Value | $431,701 |
Housing Distribution
Address Breakdown
Residential
9,208
Single Family
8,077
Multi-Family
1,131
Businesses
590
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