1176 Irene RdLyndhurstOH44124
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 Lyndhurst at 1176 Irene Rd, Lyndhurst, OH, 44124 at $224,500 posts ROI 21.31% with $87/mo cash flow from $1,564/mo rent. Total monthly income equals $1,564/mo, and annual cash flow records $1,045/yr on $74,422 to close. Return on cash invested measures 21.31% and rental yield reads 8.36% at the current $224,500. Equity gained on principal adds $1,449/yr, and 5% annual appreciation supports $62,025 by year five. Five-year ROI prints 110.95% and total cumulative return in cash totals $82,568.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,564/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1941
5,850 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
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