486 Needham AveKentOH44240
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
Rental property for sale in Kent at 486 Needham Ave, Kent, OH, 44240 generates $2,009/mo in rent and, after a $958/mo payment, leaves $721/mo in cash flow. Total monthly income is $2,009/mo, and annual cash flow is $8,657/yr on $64,908 invested. Return on cash invested sits at 33.25% in year one, and rental yield is 12.31% on a $195,800 entry. Equity gained on principal adds $1,263/yr, while 5% annual appreciation builds toward $54,096 over five years. Five-year ROI reaches 174.89% and total cumulative return in cash sums $113,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,009/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
7,849 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica L Elzholz • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls Provider:
Mls ID: #5144615
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.