1380 W Hill DrGates MillsOH44040
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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 Gates Mills at 1380 W Hill Dr, Gates Mills, OH, 44040 generates $5,789/mo in rent and, after a $2,814/mo payment, leaves $1,837/mo in cash flow. Total monthly income is $5,789/mo, and annual cash flow is $22,044/yr on $189,175 invested. Return on cash invested sits at 31.71% in year one, and rental yield is 12.08% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 167% and total cumulative return in cash sums $315,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,789/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44040, Gates Mills, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,252 (100%) |
| Owner Occupied HU | 1,079 (86.2%) |
| Renter Occupied HU | 81 ( 6.5%) |
| Vacant Housing Units | 92 ( 7.3%) |
| Median Home Value | $508,304 |
| Average Home Value | $650,380 |
Housing Distribution
Address Breakdown
Residential
1,231
Single Family
1,231
Multi-Family
0
Businesses
111
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Listed by: Tina Nichols • Howard Hanna
Mls Name: MLS Now
Mls ID: #5137054