22701 Center Ridge Rd APT 201Rocky 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 22701 Center Ridge Rd APT 201, Rocky River, OH, 44116 uses $65,637 cash to close to unlock $2,732/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $969/mo payment keeps the spread at $228/mo. Purchase price stands at $198,000, and rental yield measures 10.91% with $1,800/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 127.49% and total cumulative return in cash records $83,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $969/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$270 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: David Bonnie • Sara J. Bonnie, Broker
Mls Name: MLS Now
Mls Provider:
Mls ID: #5067366
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