217 Farnstead DrNorthwoodOH43619
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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 217 Farnstead Dr, Northwood, OH, 43619 with 5% annual appreciation on a $180,000 basis while $1,436/mo rent supports operations. Total monthly income totals $1,436/mo and a $881/mo payment preserves $252/mo for cash returns. Annual cash flow comes to $3,024/yr on $59,670 deployed, and return on cash invested reaches 24.98% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 9.57%. Five-year ROI measures 130.51% and total cumulative return in cash totals $77,873.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,436/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
8,276 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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