9800 Cove Dr UNIT H2North RoyaltonOH44133
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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
Investment property for sale in North Royalton at 9800 Cove Dr UNIT H2, North Royalton, OH, 44133 uses $55,692 cash to close to unlock $5,906/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $1,597/mo, and a $822/mo payment keeps the spread at $492/mo. Purchase price stands at $168,000, and rental yield measures 11.41% with $1,597/mo rent. Return on cash invested shows 30.51% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 160.32% and total cumulative return in cash records $89,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,597/mo property income covering a $822/mo payment rather than investor’s personal income.
Condo
Built in 1977
2.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44133, North Royalton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,306 (100%) |
| Owner Occupied HU | 9,800 (68.5%) |
| Renter Occupied HU | 3,832 (26.8%) |
| Vacant Housing Units | 674 ( 4.7%) |
| Median Home Value | $300,822 |
| Average Home Value | $311,296 |
Housing Distribution
Address Breakdown
Residential
14,122
Single Family
9,939
Multi-Family
4,183
Businesses
879
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Listed by: Anthony W May • Howard Hanna
Mls Name: MLS Now
Mls ID: #5153599