2093 Newcome StRichmond heightsOH44143
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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 Richmond heights at 2093 Newcome St, Richmond heights, OH, 44143 earns $187/mo cash flow from $1,239/mo rent with a $783/mo payment. Total monthly income totals $1,239/mo, and annual cash flow totals $2,242/yr on $53,007 capital. ROI tracks 24.14% on current figures, and rental yield reads 9.3% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 126.04% and total cumulative return in cash sums $66,810. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,239/mo property income instead of your personal income.
Single Family
Built in 1928
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44143, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,192 (100%) |
| Owner Occupied HU | 7,818 (69.9%) |
| Renter Occupied HU | 2,471 (22.1%) |
| Vacant Housing Units | 903 ( 8.1%) |
| Median Home Value | $280,301 |
| Average Home Value | $312,811 |
Housing Distribution
Address Breakdown
Residential
11,225
Single Family
9,001
Multi-Family
2,224
Businesses
724
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Listed by: Deborah Krabacher • Howard Hanna
Mls Name: MLS Now
Mls ID: #5144748