256 Monroe DrNorthfieldOH44067
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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 Northfield at 256 Monroe Dr, Northfield, OH, 44067 priced at $219,900 pairs $2,088/mo rent with $642/mo cash flow after a $1,076/mo payment. Total monthly income equals $2,088/mo, and annual cash flow comes to $7,702/yr on $72,897 invested. Return on cash invested is 30.47% in year one, and rental yield stands at 11.39% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 160.01% and total cumulative return in cash reaches $116,644. For financing, Ziffy Mortgage’s DSCR program evaluates $2,088/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
8,542 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: Scott Fader • Joseph Walter Realty, LLC.
Mls Name: MLS Now
Mls ID: #5178275