22 Fell AveNorthfieldOH44067
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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 Northfield at 22 Fell Ave, Northfield, OH, 44067 uses $81,184 cash to close to unlock $7,953/yr annual cash flow and $663/mo monthly cash flow. Total monthly income runs $2,274/mo, and a $1,199/mo payment keeps the spread at $663/mo. Purchase price stands at $244,900, and rental yield measures 11.14% with $2,274/mo rent. Return on cash invested shows 29.71% in year one, and 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 155.89% and total cumulative return in cash records $126,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,274/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1925
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44067, Northfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,881 (100%) |
| Owner Occupied HU | 7,229 (81.4%) |
| Renter Occupied HU | 1,393 (15.7%) |
| Vacant Housing Units | 259 ( 2.9%) |
| Median Home Value | $283,482 |
| Average Home Value | $302,728 |
Housing Distribution
Address Breakdown
Residential
8,890
Single Family
8,187
Multi-Family
703
Businesses
472
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Listed by: Kathy Murphy • Cutler Real Estate
Mls Name: MLS Now
Mls ID: #5153444