23575 Shelburne RdShaker HeightsOH44122
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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 Shaker Heights at 23575 Shelburne Rd, Shaker Heights, OH, 44122 uses $136,578 cash to close to unlock $1,746/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $2,856/mo, and a $2,017/mo payment keeps the spread at $145/mo. Purchase price stands at $412,000, and rental yield measures 8.32% with $2,856/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $113,828 over five years. Five-year ROI reaches 110.21% and total cumulative return in cash records $150,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,856/mo property income covering a $2,017/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44122, Beachwood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,957 (100%) |
| Owner Occupied HU | 9,374 (55.3%) |
| Renter Occupied HU | 6,116 (36.1%) |
| Vacant Housing Units | 1,467 ( 8.7%) |
| Median Home Value | $330,080 |
| Average Home Value | $368,661 |
Housing Distribution
Address Breakdown
Residential
16,592
Single Family
10,817
Multi-Family
5,775
Businesses
2,163
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Listed by: Susan M Loparo • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls ID: #5184155