1028 Garden RdWilloughbyOH44094
Nearby investment properties with comparable rents
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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 Willoughby at 1028 Garden Rd, Willoughby, OH, 44094 priced at $199,900 converts $1,576/mo rent into $188/mo cash flow after a $978/mo obligation. Total monthly income equals $1,576/mo, and annual cash flow totals $2,250/yr on $66,267 invested. Return on cash invested prints 23.31% in year one, and rental yield reads 9.46% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 122.05% and total cumulative return in cash sums $80,881. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,576/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1970
6,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44094, Willoughby, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,698 (100%) |
| Owner Occupied HU | 11,544 (61.7%) |
| Renter Occupied HU | 6,230 (33.3%) |
| Vacant Housing Units | 924 ( 4.9%) |
| Median Home Value | $298,381 |
| Average Home Value | $345,961 |
Housing Distribution
Address Breakdown
Residential
17,916
Single Family
13,373
Multi-Family
4,543
Businesses
1,508
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Nearby investment properties with comparable prices
Listed by: Michael P Coleman • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5103325
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