1461 Gettysburg DrParmaOH44134
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
Rental property for sale in Parma at 1461 Gettysburg Dr, Parma, OH, 44134 generates $2,176/mo in rent and, after a $1,297/mo payment, leaves $433/mo in cash flow. Total monthly income is $2,176/mo, and annual cash flow is $5,195/yr on $87,848 invested. Return on cash invested sits at 25.82% in year one, and rental yield is 9.85% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 135.06% and total cumulative return in cash sums $118,647. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,176/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44134, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 12,546 (72.7%) |
| Renter Occupied HU | 3,933 (22.8%) |
| Vacant Housing Units | 768 ( 4.5%) |
| Median Home Value | $167,335 |
| Average Home Value | $194,634 |
Housing Distribution
Address Breakdown
Residential
17,030
Single Family
15,171
Multi-Family
1,859
Businesses
884
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices