1173 Commonwealth AveMayfield HeightsOH44124
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 Mayfield Heights at 1173 Commonwealth Ave, Mayfield Heights, OH, 44124 uses $61,328 cash to close to unlock $3,199/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $1,483/mo, and a $905/mo payment keeps the spread at $267/mo. Purchase price stands at $185,000, and rental yield measures 9.62% with $1,483/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 131.36% and total cumulative return in cash records $80,559. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,483/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,198 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44124, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,558 (100%) |
| Owner Occupied HU | 12,232 (62.5%) |
| Renter Occupied HU | 6,165 (31.5%) |
| Vacant Housing Units | 1,161 ( 5.9%) |
| Median Home Value | $227,452 |
| Average Home Value | $296,306 |
Housing Distribution
Address Breakdown
Residential
19,705
Single Family
13,833
Multi-Family
5,872
Businesses
1,273
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Megan Magden Angelotta • Howard Hanna
Mls Name: MLS Now
Mls ID: #5155908