23 Firebush LnNorthfieldOH44067
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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 23 Firebush Ln, Northfield, OH, 44067 with 5% annual appreciation on a $204,000 basis while $1,677/mo rent supports operations. Total monthly income totals $1,677/mo and a $998/mo payment preserves $111/mo for cash returns. Annual cash flow comes to $1,327/yr on $67,626 deployed, and return on cash invested reaches 21.87% in year one. Equity gained on principal adds $1,316/yr, and five-year appreciation sums $56,361 alongside rental yield of 9.86%. Five-year ROI measures 115.33% and total cumulative return in cash totals $77,992.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,677/mo property income versus a $998/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1984
1,224 sqft lot
$N/A/sqft
$225 monthly 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: Julia G Mellon • Howard Hanna
Mls Name: MLS Now
Mls ID: #5147047