1193 Mayfield Ridge RdMayfield HeightsOH44124
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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 Mayfield Heights at 1193 Mayfield Ridge Rd, Mayfield Heights, OH, 44124 offers a 10.37% rental yield on a $250,000 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,224/mo payment leaves $515/mo available for distribution. Annual cash flow reaches $6,182/yr on $82,875 to close, and return on cash invested stands at 27.37% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 143.42% and total cumulative return in cash at $118,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
5,941 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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Listed by: Theresa M Seese • McDowell Homes Real Estate Services
Mls Name: MLS Now
Mls ID: #5182099