20996 Detroit RdRocky RiverOH44116
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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 Rocky River at 20996 Detroit Rd, Rocky River, OH, 44116 offers a 11.68% rental yield on a $182,500 purchase with $1,776/mo rent. Total monthly income registers $1,776/mo, and a $893/mo payment leaves $226/mo available for distribution. Annual cash flow reaches $2,709/yr on $60,499 to close, and return on cash invested stands at 24.39% in year one. Equity gained on principal adds $1,178/yr while 5% annual appreciation supports $50,421 over five years. Portfolio math shows five-year ROI at 129.88% and total cumulative return in cash at $78,574. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,776/mo property income against a $893/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
0.84 Acres lot
$N/A/sqft
$350 monthly 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
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Listed by: James W Miller • Howard Hanna
Mls Name: MLS Now
Mls ID: #5127431