1688 Oakwood DrCleveland HeightsOH44121
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Cleveland Heights at 1688 Oakwood Dr, Cleveland Heights, OH, 44121 projects strong ROI of 6.07%. Rental yield 3.24%. With 5% annual appreciation, the property builds $607,819 in value over five years. Equity growth combined delivers a projected five-year ROI of 45.97%, translating into $285,719 in total cumulative return on $621,500 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 5.8% |
| Monthly Cash Flow | $(8,585) | $285 |
City averages based on Cleveland Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,940 |
| Total Monthly Debt Service | $13,649 |
| DSCR Ratio | 0.44x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
2.73 Acres lot
$N/A/sqft
$640 annually HOA
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
Single Family
Built in 1920
2.73 Acres lot
$N/A/sqft
$640 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Liza R Dardashti-Wolf • Howard Hanna
Mls Name: MLS Now
Mls ID: #5088728