758 Spafford OvalNorthfieldOH44067
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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
Rental property for sale in Northfield at 758 Spafford Oval, Northfield, OH, 44067 offers $2,081/mo rent that, after a $1,040/mo payment, leaves $311/mo cash flow. Total monthly income is $2,081/mo, and annual cash flow is $3,730/yr on $70,444 cash. Return on cash invested measures 25.2% in year one, and rental yield stands at 11.75% at a $212,500 entry. Equity gained on principal adds $1,371/yr while 5% annual appreciation compounds into $58,710 by year five. Five-year ROI records 134.04% and total cumulative return in cash reaches $94,424. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,081/mo property income versus a $1,040/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
$4,469 annually 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: #5123856