16800 Van Aken Blvd APT 305Shaker HeightsOH44120
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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
Investment property for sale in Shaker Heights at 16800 Van Aken Blvd APT 305, Shaker Heights, OH, 44120 uses $99,284 cash to close to unlock $4,270/yr annual cash flow and $356/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,466/mo payment keeps the spread at $356/mo. Purchase price stands at $299,500, and rental yield measures 9.32% with $2,326/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash records $125,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44120, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,212 (100%) |
| Owner Occupied HU | 7,049 (34.9%) |
| Renter Occupied HU | 9,502 (47.0%) |
| Vacant Housing Units | 3,661 (18.1%) |
| Median Home Value | $200,216 |
| Average Home Value | $268,976 |
Housing Distribution
Address Breakdown
Residential
16,292
Single Family
11,168
Multi-Family
5,124
Businesses
826
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Listed by: Liz Schorgl • Howard Hanna
Mls Name: MLS Now
Mls ID: #5177474