1195 Cordova 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 1195 Cordova Rd, Mayfield Heights, OH, 44124 offers a 8.23% rental yield on a $314,900 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,541/mo payment leaves $89/mo available for distribution. Annual cash flow reaches $1,067/yr on $104,389 to close, and return on cash invested stands at 20.93% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 108.84% and total cumulative return in cash at $113,614. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
10,850 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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Listed by: Jill Brown • Life Stages Realty, LLC
Mls Name: MLS Now
Mls ID: #5180379