796 Pipes Ct #1604NorthfieldOH44067
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
Investment property for sale in Northfield at 796 Pipes Ct #1604, Northfield, OH, 44067 listed at $209,900 pairs $1,492/mo rent with a $1,027/mo payment to leave $112/mo cash flow. Total monthly income runs $1,492/mo, and annual cash flow reaches $1,340/yr on $69,582 cash to close. Return on cash invested measures 21.83% in year one, and rental yield registers 8.53% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 113.68% and total cumulative return in cash totals $79,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,492/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
1,280 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: Richard Bovaro • Realty Consultants, Ltd.
Mls Name: MLS Now
Mls ID: #5169954