628 Windsor LnNorthfieldOH44067
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 Northfield at 628 Windsor Ln, Northfield, OH, 44067 priced at $254,900 converts $2,274/mo rent into $597/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,274/mo, and annual cash flow totals $7,163/yr on $84,499 invested. Return on cash invested prints 28.39% in year one, and rental yield reads 10.71% against a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,424 by year five. Five-year ROI reaches 148.8% and total cumulative return in cash sums $125,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,274/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Condo
Built in 1996
1,324 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley E MacLaren • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls ID: #5140790