13717 Caves RdNoveltyOH44072
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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 Novelty at 13717 Caves Rd, Novelty, OH, 44072 earns $91/mo cash flow from $1,800/mo rent with a $1,272/mo payment. Total monthly income totals $1,800/mo, and annual cash flow totals $1,086/yr on $86,157 capital. ROI tracks 21.17% on current figures, and rental yield reads 8.31% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 110.14% and total cumulative return in cash sums $94,894. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,800/mo property income instead of your personal income.
Single Family
Built in 1959
3.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44072, Novelty, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,878 (100%) |
| Owner Occupied HU | 1,629 (86.7%) |
| Renter Occupied HU | 140 ( 7.5%) |
| Vacant Housing Units | 109 ( 5.8%) |
| Median Home Value | $381,695 |
| Average Home Value | $559,283 |
Housing Distribution
Address Breakdown
Residential
1,865
Single Family
1,865
Multi-Family
0
Businesses
139
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