Aruba Bay Plan, Cider Ridge RanchesNortonOH44203
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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 Norton at Aruba Bay Plan, Cider Ridge Ranches, Norton, OH, 44203 with 5% annual appreciation on a $248,990 basis while $3,284/mo rent supports operations. Total monthly income totals $3,284/mo and a $1,219/mo payment preserves $1,646/mo for cash returns. Annual cash flow comes to $19,750/yr on $82,540 deployed, and return on cash invested reaches 43.84% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,791 alongside rental yield of 15.83%. Five-year ROI measures 231.66% and total cumulative return in cash totals $191,213.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,284/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44203, Barberton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,141 (100%) |
| Owner Occupied HU | 11,808 (65.1%) |
| Renter Occupied HU | 5,184 (28.6%) |
| Vacant Housing Units | 1,149 ( 6.3%) |
| Median Home Value | $169,856 |
| Average Home Value | $223,242 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
16,828
Multi-Family
725
Businesses
1,122
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