2205 Keystone RdParmaOH44134
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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
Rental property for sale in Parma at 2205 Keystone Rd, Parma, OH, 44134 priced at $249,900 converts $1,799/mo rent into $155/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,799/mo, and annual cash flow totals $1,864/yr on $82,842 invested. Return on cash invested prints 22.16% in year one, and rental yield reads 8.64% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 115.45% and total cumulative return in cash sums $95,642. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,799/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1953
10,502 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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