1620 E 243rd StEuclidOH44117
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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
Investment property for sale in Euclid at 1620 E 243rd St, Euclid, OH, 44117 earns $213/mo cash flow from $1,199/mo rent with a $734/mo payment. Total monthly income totals $1,199/mo, and annual cash flow totals $2,552/yr on $49,692 capital. ROI tracks 25.04% on current figures, and rental yield reads 9.6% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 130.91% and total cumulative return in cash sums $65,051. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,199/mo property income instead of your personal income.
Single Family
Built in 1984
3,781 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44117, Euclid, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,453 (100%) |
| Owner Occupied HU | 2,207 (34.2%) |
| Renter Occupied HU | 3,674 (56.9%) |
| Vacant Housing Units | 572 ( 8.9%) |
| Median Home Value | $158,009 |
| Average Home Value | $172,208 |
Housing Distribution
Address Breakdown
Residential
5,446
Single Family
3,145
Multi-Family
2,301
Businesses
331
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