1689 Walnut Ln #5Rocky RiverOH44116
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 1689 Walnut Ln #5, Rocky River, OH, 44116 in Rocky River: $2,580/mo in rent, $365/mo in net income, 10.5% gross yield, 1.95 DSCR, all at $294,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $81,475 in appreciation and $2,716/yr in principal paydown projects total cumulative return of $153,537.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.2% |
| Monthly Cash Flow | $365 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,580 |
| Total Monthly Debt Service | $1,822 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1975
2.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44116, Rocky River, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,534 (100%) |
| Owner Occupied HU | 7,068 (67.1%) |
| Renter Occupied HU | 2,772 (26.3%) |
| Vacant Housing Units | 694 ( 6.6%) |
| Median Home Value | $348,818 |
| Average Home Value | $410,013 |
Housing Distribution
Address Breakdown
Residential
10,207
Single Family
6,855
Multi-Family
3,352
Businesses
868
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
Condo
Built in 1975
2.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44116, Rocky River, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,534 (100%) |
| Owner Occupied HU | 7,068 (67.1%) |
| Renter Occupied HU | 2,772 (26.3%) |
| Vacant Housing Units | 694 ( 6.6%) |
| Median Home Value | $348,818 |
| Average Home Value | $410,013 |
Housing Distribution
Address Breakdown
Residential
10,207
Single Family
6,855
Multi-Family
3,352
Businesses
868
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS Now
Mls ID: #5188732