238 S Bridge 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 238 S Bridge Rd, Northwood, OH, 43619 uses $92,787 cash to close to unlock $6,646/yr annual cash flow and $554/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,370/mo payment keeps the spread at $554/mo. Purchase price stands at $279,900, and rental yield measures 10.8% with $2,520/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 142.34% and total cumulative return in cash records $132,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2024
3,256 sqft lot
$N/A/sqft
$1,500 annually 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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Listed by: Mark Mikolajczyk • The Danberry Co
Mls Name: NORIS
Mls ID: #6131161
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 NORIS. All rights reserved.