3 Bed 2 Bath Double Section Plan, Northridge CoveNorth RidgevilleOH44039
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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 North Ridgeville at 3 Bed 2 Bath Double Section Plan, Northridge Cove, North Ridgeville, OH, 44039 priced at $105,900 converts $836/mo rent into $140/mo cash flow after a $518/mo obligation. Total monthly income equals $836/mo, and annual cash flow totals $1,677/yr on $35,106 invested. Return on cash invested prints 24.69% in year one, and rental yield reads 9.47% against a $105,900 entry. Equity gained on principal adds $683/yr, while 5% annual appreciation compiles into $29,258 by year five. Five-year ROI reaches 128.99% and total cumulative return in cash sums $45,284. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $836/mo property income covering a $518/mo payment, not borrower’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44039, North Ridgeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,553 (100%) |
| Owner Occupied HU | 13,447 (86.5%) |
| Renter Occupied HU | 1,576 (10.1%) |
| Vacant Housing Units | 530 ( 3.4%) |
| Median Home Value | $261,243 |
| Average Home Value | $286,939 |
Housing Distribution
Address Breakdown
Residential
15,610
Single Family
15,152
Multi-Family
458
Businesses
604
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Listed by: N/A • Northridge Cove
Mls Name: Northridge Cove
Mls ID: #N/A