23312 McCann 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 23312 McCann St, Warrensville Heights, OH, 44128 uses $79,527 cash to close to unlock $1,934/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,739/mo, and a $1,174/mo payment keeps the spread at $161/mo. Purchase price stands at $239,900, and rental yield measures 8.7% with $1,739/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 116.45% and total cumulative return in cash records $92,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,739/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,501 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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Listed by: Jamie Samaha • Howard Hanna
Mls Name: MLS Now
Mls ID: #5139566