3691 Summerfield Ln #OCWTPRichfieldOH44286
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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 Richfield at 3691 Summerfield Ln #OCWTP, Richfield, OH, 44286 uses $197,433 cash to close to unlock $3,082/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $4,204/mo, and a $2,937/mo payment keeps the spread at $257/mo. Purchase price stands at $600,100, and rental yield measures 8.41% with $4,204/mo rent. Return on cash invested shows 21.62% in year one, and 5% annual appreciation builds toward $165,797 over five years. Five-year ROI reaches 112.5% and total cumulative return in cash records $222,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,204/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44286, Richfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,550 (100%) |
| Owner Occupied HU | 2,264 (88.8%) |
| Renter Occupied HU | 192 ( 7.5%) |
| Vacant Housing Units | 94 ( 3.7%) |
| Median Home Value | $488,665 |
| Average Home Value | $548,449 |
Housing Distribution
Address Breakdown
Residential
2,609
Single Family
2,561
Multi-Family
48
Businesses
354
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