10404 N Church Dr APT 409Parma HeightsOH44130
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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
Investment property for sale in Parma Heights at 10404 N Church Dr APT 409, Parma Heights, OH, 44130 offers a 9.28% rental yield on a $110,000 purchase with $851/mo rent. Total monthly income registers $851/mo, and a $538/mo payment leaves $128/mo available for distribution. Annual cash flow reaches $1,534/yr on $36,465 to close, and return on cash invested stands at 24.12% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 125.97% and total cumulative return in cash at $45,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $851/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
4.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44130, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,840 (100%) |
| Owner Occupied HU | 14,878 (62.4%) |
| Renter Occupied HU | 7,846 (32.9%) |
| Vacant Housing Units | 1,116 ( 4.7%) |
| Median Home Value | $197,867 |
| Average Home Value | $222,683 |
Housing Distribution
Address Breakdown
Residential
24,070
Single Family
16,906
Multi-Family
7,164
Businesses
1,702
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Listed by: Kristina Berezhna • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls ID: #5182277