240 Northridge CtHowardOH43028
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Howard at 240 Northridge Ct, Howard, OH, 43028 priced at $459,100 converts $3,152/mo rent into $113/mo cash flow after a $2,247/mo obligation. Total monthly income equals $3,152/mo, and annual cash flow totals $1,358/yr on $152,192 invested. Return on cash invested prints 20.8% in year one, and rental yield reads 8.24% against a $459,100 entry. Equity gained on principal adds $2,963/yr, while 5% annual appreciation compiles into $126,841 by year five. Five-year ROI reaches 108.22% and total cumulative return in cash sums $164,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,152/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.28 Acres lot
$N/A/sqft
$19 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43028, Howard, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,944 (100%) |
| Owner Occupied HU | 2,753 (69.8%) |
| Renter Occupied HU | 379 ( 9.6%) |
| Vacant Housing Units | 812 (20.6%) |
| Median Home Value | $276,205 |
| Average Home Value | $342,382 |
Housing Distribution
Address Breakdown
Residential
3,572
Single Family
3,572
Multi-Family
0
Businesses
84
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