1775 E 228th 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 1775 E 228th St, Euclid, OH, 44117 offers a 8.67% rental yield on a $249,000 purchase with $1,799/mo rent. Total monthly income registers $1,799/mo, and a $1,219/mo payment leaves $161/mo available for distribution. Annual cash flow reaches $1,930/yr on $82,544 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 115.89% and total cumulative return in cash at $95,660. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,799/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,276 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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