8457 Ridgewood LnNoveltyOH44072
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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 Novelty at 8457 Ridgewood Ln, Novelty, OH, 44072 generates $2,746/mo in rent and, after a $1,909/mo payment, leaves $168/mo in cash flow. Total monthly income is $2,746/mo, and annual cash flow is $2,016/yr on $129,285 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 8.45% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 111.75% and total cumulative return in cash sums $144,476. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,746/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
2.17 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44072, Novelty, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,878 (100%) |
| Owner Occupied HU | 1,629 (86.7%) |
| Renter Occupied HU | 140 ( 7.5%) |
| Vacant Housing Units | 109 ( 5.8%) |
| Median Home Value | $381,695 |
| Average Home Value | $559,283 |
Housing Distribution
Address Breakdown
Residential
1,865
Single Family
1,865
Multi-Family
0
Businesses
139
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