VANDERBURGH Plan, North Ridge PointeNorth RidgevilleOH44039
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
Rental property for sale in North Ridgeville at VANDERBURGH Plan, North Ridge Pointe, North Ridgeville, OH, 44039 offers $4,619/mo rent that, after a $2,701/mo payment, leaves $989/mo cash flow. Total monthly income is $4,619/mo, and annual cash flow is $11,868/yr on $181,575 cash. Return on cash invested measures 26.6% in year one, and rental yield stands at 10.04% at a $551,900 entry. Equity gained on principal adds $3,561/yr while 5% annual appreciation compounds into $152,480 by year five. Five-year ROI records 139.17% and total cumulative return in cash reaches $252,702. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,619/mo property income versus a $2,701/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
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: Jill Scott • Drees Homes
Mls Name: Drees Homes
Mls Provider:
Mls ID: #N/A