20056-20058 Drake RdStrongsvilleOH44149
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
Investment Highlights
Investment property for sale in Strongsville at 20056-20058 Drake Rd, Strongsville, OH, 44149 earns $521/mo cash flow from $2,857/mo rent with a $1,738/mo payment. Total monthly income totals $2,857/mo, and annual cash flow totals $6,257/yr on $117,683 capital. ROI tracks 25.23% on current figures, and rental yield reads 9.66% at a $355,000 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 131.88% and total cumulative return in cash sums $155,196. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,857/mo property income instead of your personal income.
Multi Family
Built in 1962
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44149, Strongsville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,346 (100%) |
| Owner Occupied HU | 7,184 (86.1%) |
| Renter Occupied HU | 766 ( 9.2%) |
| Vacant Housing Units | 396 ( 4.7%) |
| Median Home Value | $323,274 |
| Average Home Value | $343,366 |
Housing Distribution
Address Breakdown
Residential
8,321
Single Family
8,038
Multi-Family
283
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Rood • Howard Hanna
Mls Name: MLS Now
Mls ID: #5105548