1937 S Coy RdNorthwoodOH43619
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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 Northwood at 1937 S Coy Rd, Northwood, OH, 43619 uses $72,897 cash to close to unlock $2,302/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $1,638/mo, and a $1,076/mo payment keeps the spread at $192/mo. Purchase price stands at $219,900, and rental yield measures 8.94% with $1,638/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 120.29% and total cumulative return in cash records $87,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,638/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1976
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43619, Northwood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,305 (100%) |
| Owner Occupied HU | 2,462 (74.5%) |
| Renter Occupied HU | 679 (20.5%) |
| Vacant Housing Units | 164 ( 5.0%) |
| Median Home Value | $187,424 |
| Average Home Value | $233,465 |
Housing Distribution
Address Breakdown
Residential
3,129
Single Family
3,005
Multi-Family
124
Businesses
276
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