3691 Summerfield Ln #R3EK82RichfieldOH44286
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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 #R3EK82, Richfield, OH, 44286 uses $214,278 cash to close to unlock $9,236/yr annual cash flow and $770/mo monthly cash flow. Total monthly income runs $5,054/mo, and a $3,188/mo payment keeps the spread at $770/mo. Purchase price stands at $651,300, and rental yield measures 9.31% with $5,054/mo rent. Return on cash invested shows 24.37% in year one, and 5% annual appreciation builds toward $179,942 over five years. Five-year ROI reaches 127.25% and total cumulative return in cash records $272,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,054/mo property income covering a $3,188/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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