16745 Peters RdMiddlefieldOH44062
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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 Middlefield at 16745 Peters Rd, Middlefield, OH, 44062 uses $79,560 cash to close to unlock $372/yr annual cash flow and $31/mo monthly cash flow. Total monthly income runs $1,610/mo, and a $1,175/mo payment keeps the spread at $31/mo. Purchase price stands at $240,000, and rental yield measures 8.05% with $1,610/mo rent. Return on cash invested shows 20.38% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 105.86% and total cumulative return in cash records $84,218. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,610/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1998
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44062, Middlefield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,024 (100%) |
| Owner Occupied HU | 3,621 (72.1%) |
| Renter Occupied HU | 1,096 (21.8%) |
| Vacant Housing Units | 307 ( 6.1%) |
| Median Home Value | $242,032 |
| Average Home Value | $267,076 |
Housing Distribution
Address Breakdown
Residential
4,473
Single Family
4,225
Multi-Family
248
Businesses
421
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