14684 River Glen DrNoveltyOH44072
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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 14684 River Glen Dr, Novelty, OH, 44072 uses $213,850 cash to close to unlock $3,586/yr annual cash flow and $299/mo monthly cash flow. Total monthly income runs $4,574/mo, and a $3,181/mo payment keeps the spread at $299/mo. Purchase price stands at $650,000, and rental yield measures 8.44% with $4,574/mo rent. Return on cash invested shows 21.74% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 113.12% and total cumulative return in cash records $241,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,574/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 1988
5 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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