2245 N Saint James PkwyCleveland HeightsOH44106
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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 Cleveland Heights at 2245 N Saint James Pkwy, Cleveland Heights, OH, 44106 priced at $422,245 converts $4,621/mo rent into $1,366/mo cash flow after a $2,067/mo obligation. Total monthly income equals $4,621/mo, and annual cash flow totals $16,397/yr on $139,974 invested. Return on cash invested prints 31.62% in year one, and rental yield reads 13.13% against a $422,245 entry. Equity gained on principal adds $2,725/yr, while 5% annual appreciation compiles into $116,659 by year five. Five-year ROI reaches 167.67% and total cumulative return in cash sums $234,688. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,621/mo property income covering a $2,067/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44106, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,321 (100%) |
| Owner Occupied HU | 3,121 (20.4%) |
| Renter Occupied HU | 9,696 (63.3%) |
| Vacant Housing Units | 2,504 (16.3%) |
| Median Home Value | $320,662 |
| Average Home Value | $380,303 |
Housing Distribution
Address Breakdown
Residential
13,775
Single Family
5,649
Multi-Family
8,126
Businesses
628
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Listed by: Eileen Clegg McKeon • Howard Hanna
Mls Name: MLS Now
Mls ID: #5119208