Ballenger w/ Finished Basement Plan, Hampton PlaceNorth RidgevilleOH44039
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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 North Ridgeville at Ballenger w/ Finished Basement Plan, Hampton Place, North Ridgeville, OH, 44039 priced at $424,990 converts $3,600/mo rent into $805/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,600/mo, and annual cash flow totals $9,655/yr on $140,884 invested. Return on cash invested prints 26.76% in year one, and rental yield reads 10.16% against a $424,990 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,417 by year five. Five-year ROI reaches 140.1% and total cumulative return in cash sums $197,378. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44039, North Ridgeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,553 (100%) |
| Owner Occupied HU | 13,447 (86.5%) |
| Renter Occupied HU | 1,576 (10.1%) |
| Vacant Housing Units | 530 ( 3.4%) |
| Median Home Value | $261,243 |
| Average Home Value | $286,939 |
Housing Distribution
Address Breakdown
Residential
15,610
Single Family
15,152
Multi-Family
458
Businesses
604
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Listed by: N/A • Ryan Homes
Mls Name: Ryan Homes
Mls Provider:
Mls ID: #N/A