2344 Rivers Edge DrWilloughby HillsOH44094
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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 Willoughby Hills at 2344 Rivers Edge Dr, Willoughby Hills, OH, 44094 uses $356,400 cash to close to unlock $7,470/yr annual cash flow and $623/mo monthly cash flow. Total monthly income runs $7,879/mo, and a $5,384/mo payment keeps the spread at $623/mo. Purchase price stands at $1,100,000, and rental yield measures 8.6% with $7,879/mo rent. Return on cash invested shows 22.47% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 117.01% and total cumulative return in cash records $417,007. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,879/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Single Family
Built in 2012
1.03 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44094, Willoughby, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,698 (100%) |
| Owner Occupied HU | 11,544 (61.7%) |
| Renter Occupied HU | 6,230 (33.3%) |
| Vacant Housing Units | 924 ( 4.9%) |
| Median Home Value | $298,381 |
| Average Home Value | $345,961 |
Housing Distribution
Address Breakdown
Residential
17,916
Single Family
13,373
Multi-Family
4,543
Businesses
1,508
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Listed by: Chris Jurcisin • Howard Hanna
Mls Name: MLS Now
Mls ID: #5161337