1315 Clearview RdLyndhurstOH44124
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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 Lyndhurst at 1315 Clearview Rd, Lyndhurst, OH, 44124 priced at $266,000 converts $2,791/mo rent into $957/mo cash flow after a $1,302/mo obligation. Total monthly income equals $2,791/mo, and annual cash flow totals $11,479/yr on $88,179 invested. Return on cash invested prints 32.93% in year one, and rental yield reads 12.59% against a $266,000 entry. Equity gained on principal adds $1,716/yr, while 5% annual appreciation compiles into $73,491 by year five. Five-year ROI reaches 173.6% and total cumulative return in cash sums $153,077. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,791/mo property income covering a $1,302/mo payment, not borrower’s personal income.
Single Family
Built in 1951
8,712 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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