16475 Heather Ln #S202Middleburg HeightsOH44130
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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 Middleburg Heights at 16475 Heather Ln #S202, Middleburg Heights, OH, 44130 uses $54,664 cash to close to unlock $2,333/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,279/mo, and a $807/mo payment keeps the spread at $194/mo. Purchase price stands at $164,900, and rental yield measures 9.31% with $1,279/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 126.3% and total cumulative return in cash records $69,040. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,279/mo property income covering a $807/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44130, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,840 (100%) |
| Owner Occupied HU | 14,878 (62.4%) |
| Renter Occupied HU | 7,846 (32.9%) |
| Vacant Housing Units | 1,116 ( 4.7%) |
| Median Home Value | $197,867 |
| Average Home Value | $222,683 |
Housing Distribution
Address Breakdown
Residential
24,070
Single Family
16,906
Multi-Family
7,164
Businesses
1,702
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Listed by: Charles Maurer • CENTURY 21 DePiero & Associates, Inc.
Mls Name: MLS Now
Mls ID: #5181705