29 Lemoyne 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
Rental property for sale in Northwood at 29 Lemoyne Rd, Northwood, OH, 43619 offers $1,518/mo rent that, after a $978/mo payment, leaves $204/mo cash flow. Total monthly income is $1,518/mo, and annual cash flow is $2,442/yr on $66,267 cash. Return on cash invested measures 23.59% in year one, and rental yield stands at 9.11% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 123.14% and total cumulative return in cash reaches $81,601. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,518/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
0.46 Acres lot
$N/A/sqft
No 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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