123 Ledgestone CtBereaOH44017
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 Berea at 123 Ledgestone Ct, Berea, OH, 44017 uses $83,870 cash to close to unlock $9,196/yr annual cash flow and $766/mo monthly cash flow. Total monthly income runs $2,518/mo, and a $1,238/mo payment keeps the spread at $766/mo. Purchase price stands at $253,000, and rental yield measures 11.94% with $2,518/mo rent. Return on cash invested shows 30.87% in year one, and 5% annual appreciation builds toward $69,899 over five years. Five-year ROI reaches 162.63% and total cumulative return in cash records $136,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,518/mo property income covering a $1,238/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
2,613 sqft lot
$N/A/sqft
$940 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44017, Berea, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,111 (100%) |
| Owner Occupied HU | 5,471 (67.5%) |
| Renter Occupied HU | 2,163 (26.7%) |
| Vacant Housing Units | 477 ( 5.9%) |
| Median Home Value | $220,750 |
| Average Home Value | $260,679 |
Housing Distribution
Address Breakdown
Residential
8,061
Single Family
6,706
Multi-Family
1,355
Businesses
685
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Nearby investment properties with comparable prices
Listed by: Ed Huck • Keller Williams Citywide
Mls Name: MLS Now
Mls Provider:
Mls ID: #5147273
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