22504 Felch StWarrensville HeightsOH44128
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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 Warrensville Heights at 22504 Felch St, Warrensville Heights, OH, 44128 offers a 11.14% rental yield on a $200,200 purchase with $1,859/mo rent. Total monthly income registers $1,859/mo, and a $980/mo payment leaves $526/mo available for distribution. Annual cash flow reaches $6,318/yr on $66,366 to close, and return on cash invested stands at 29.43% in year one. Equity gained on principal adds $1,292/yr while 5% annual appreciation supports $55,312 over five years. Portfolio math shows five-year ROI at 154.52% and total cumulative return in cash at $102,551. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,859/mo property income against a $980/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44128, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,778 (100%) |
| Owner Occupied HU | 6,205 (45.0%) |
| Renter Occupied HU | 6,130 (44.5%) |
| Vacant Housing Units | 1,443 (10.5%) |
| Median Home Value | $94,379 |
| Average Home Value | $145,873 |
Housing Distribution
Address Breakdown
Residential
12,826
Single Family
10,072
Multi-Family
2,754
Businesses
1,193
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