1024 E Cedar Ridge DrKentOH44240
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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 Kent at 1024 E Cedar Ridge Dr, Kent, OH, 44240 earns from $1,549/mo rent with a $1,273/mo payment. Total monthly income totals $1,549/mo. ROI tracks 17.66% on current figures, and rental yield reads 7.15% at a $259,990 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,830 over five years. Five-year ROI reaches 91.31% and total cumulative return in cash sums $78,698. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,549/mo property income instead of your personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44240, Kent, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 9,003 (45.2%) |
| Renter Occupied HU | 9,113 (45.8%) |
| Vacant Housing Units | 1,792 ( 9.0%) |
| Median Home Value | $248,403 |
| Average Home Value | $283,411 |
Housing Distribution
Address Breakdown
Residential
18,271
Single Family
14,719
Multi-Family
3,552
Businesses
1,194
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