1604 Som Center RdMayfield HeightsOH44124
Nearby investment properties with comparable rents
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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 1604 Som Center Rd, Mayfield Heights, OH, 44124 offers $2,221/mo rent that, after a $6,852/mo payment. Total monthly income is $2,221/mo. Return on cash invested measures 1.88% in year one, and rental yield stands at 1.9% at a $1,400,000 entry. Equity gained on principal adds $9,034/yr while 5% annual appreciation compounds into $386,794 by year five. Five-year ROI records 6.61% and total cumulative return in cash reaches $29,983. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,221/mo property income versus a $6,852/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
3 Acres 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: N/A • N/A
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