1307 Lander 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
Rental property for sale in Mayfield Heights at 1307 Lander Rd, Mayfield Heights, OH, 44124 generates $2,564/mo in rent and, after a $1,322/mo payment, leaves $768/mo in cash flow. Total monthly income is $2,564/mo, and annual cash flow is $9,221/yr on $89,505 invested. Return on cash invested sits at 30.21% in year one, and rental yield is 11.4% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 158.73% and total cumulative return in cash sums $142,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,564/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
9,300 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: Shakiba N Soudmand • Howard Hanna
Mls Name: MLS Now
Mls ID: #5128596