6270 Greenwood Pkwy APT 305NorthfieldOH44067
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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 Northfield at 6270 Greenwood Pkwy APT 305, Northfield, OH, 44067 uses $53,007 cash to close to unlock $2,002/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $1,219/mo, and a $783/mo payment keeps the spread at $167/mo. Purchase price stands at $159,900, and rental yield measures 9.15% with $1,219/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 123.64% and total cumulative return in cash records $65,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,219/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1970
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44067, Northfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,881 (100%) |
| Owner Occupied HU | 7,229 (81.4%) |
| Renter Occupied HU | 1,393 (15.7%) |
| Vacant Housing Units | 259 ( 2.9%) |
| Median Home Value | $283,482 |
| Average Home Value | $302,728 |
Housing Distribution
Address Breakdown
Residential
8,890
Single Family
8,187
Multi-Family
703
Businesses
472
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Listed by: Jen Skvarch • Howard Hanna
Mls Name: MLS Now
Mls ID: #5144868