3531 Goodrich AveNorthwoodOH43619
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
Investment property for sale in Northwood at 3531 Goodrich Ave, Northwood, OH, 43619 uses $40,509 cash to close to unlock $12,891/yr annual cash flow and $1,074/mo monthly cash flow. Total monthly income runs $1,878/mo, and a $598/mo payment keeps the spread at $1,074/mo. Purchase price stands at $122,200, and rental yield measures 18.44% with $1,878/mo rent. Return on cash invested shows 51.73% in year one, and 5% annual appreciation builds toward $33,762 over five years. Five-year ROI reaches 274.1% and total cumulative return in cash records $111,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,878/mo property income covering a $598/mo payment rather than investor’s personal income.
Single Family
Built in 1937
4,791 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Haygood-Salaz • Serenity Realty LLC
Mls Name: NORIS
Mls ID: #6136820
Disclaimer: Listing 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.