2012 Grovewood AveParmaOH44134
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 Parma at 2012 Grovewood Ave, Parma, OH, 44134 at $177,900 posts ROI 24.78% with $240/mo cash flow from $1,410/mo rent. Total monthly income equals $1,410/mo, and annual cash flow records $2,874/yr on $58,974 to close. Return on cash invested measures 24.78% and rental yield reads 9.51% at the current $177,900. Equity gained on principal adds $1,148/yr, and 5% annual appreciation supports $49,150 by year five. Five-year ROI prints 129.5% and total cumulative return in cash totals $76,373.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,410/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1928
6,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44134, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 12,546 (72.7%) |
| Renter Occupied HU | 3,933 (22.8%) |
| Vacant Housing Units | 768 ( 4.5%) |
| Median Home Value | $167,335 |
| Average Home Value | $194,634 |
Housing Distribution
Address Breakdown
Residential
17,030
Single Family
15,171
Multi-Family
1,859
Businesses
884
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Nearby investment properties with comparable prices
Listed by: Dennis Haussman • 2000 Professional Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5118482
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