1311 Homeland DrRocky RiverOH44116
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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 Rocky River at 1311 Homeland Dr, Rocky River, OH, 44116 generates $2,933/mo in rent and, after a $1,835/mo payment, leaves $240/mo in cash flow. Total monthly income is $2,933/mo, and annual cash flow is $2,882/yr on $124,313 invested. Return on cash invested sits at 22.23% in year one, and rental yield is 9.39% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 116.61% and total cumulative return in cash sums $144,963. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,933/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44116, Rocky River, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,534 (100%) |
| Owner Occupied HU | 7,068 (67.1%) |
| Renter Occupied HU | 2,772 (26.3%) |
| Vacant Housing Units | 694 ( 6.6%) |
| Median Home Value | $348,818 |
| Average Home Value | $410,013 |
Housing Distribution
Address Breakdown
Residential
10,207
Single Family
6,855
Multi-Family
3,352
Businesses
868
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Listed by: Mike Vonderau • Howard Hanna
Mls Name: MLS Now
Mls ID: #5136932