1115 Canyon View Rd APT 504NorthfieldOH44067
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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 Northfield at 1115 Canyon View Rd APT 504, Northfield, OH, 44067 offers a 9.53% rental yield on a $144,900 purchase with $1,151/mo rent. Total monthly income registers $1,151/mo, and a $709/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,377/yr on $48,034 to close, and return on cash invested stands at 24.86% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 129.98% and total cumulative return in cash at $62,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,151/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44067, Northfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,881 (100%) |
| Owner Occupied HU | 7,229 (81.4%) |
| Renter Occupied HU | 1,393 (15.7%) |
| Vacant Housing Units | 259 ( 2.9%) |
| Median Home Value | $283,482 |
| Average Home Value | $302,728 |
Housing Distribution
Address Breakdown
Residential
8,890
Single Family
8,187
Multi-Family
703
Businesses
472
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Listed by: Jen Skvarch • Howard Hanna
Mls Name: MLS Now
Mls ID: #5173783