3618 Elmhurst CtKentOH44240
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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
Investment property for sale in Kent at 3618 Elmhurst Ct, Kent, OH, 44240 uses $74,554 cash to close to unlock $4,025/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $1,815/mo, and a $1,101/mo payment keeps the spread at $335/mo. Purchase price stands at $224,900, and rental yield measures 9.68% with $1,815/mo rent. Return on cash invested shows 25.31% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 132.34% and total cumulative return in cash records $98,665. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,815/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44240, Kent, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 9,003 (45.2%) |
| Renter Occupied HU | 9,113 (45.8%) |
| Vacant Housing Units | 1,792 ( 9.0%) |
| Median Home Value | $248,403 |
| Average Home Value | $283,411 |
Housing Distribution
Address Breakdown
Residential
18,271
Single Family
14,719
Multi-Family
3,552
Businesses
1,194
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