24002 E Oakland RdBay VillageOH44140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Bay Village at 24002 E Oakland Rd, Bay Village, OH, 44140 generates $2,055/mo in rent, after a $1,786/mo payment. Total monthly income is $2,055/mo. Return on cash invested sits at 16.48% in year one, and rental yield is 6.76% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 84.98% and total cumulative return in cash sums $102,823. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,055/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44140, Bay Village, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 5,573 (88.5%) |
| Renter Occupied HU | 463 ( 7.4%) |
| Vacant Housing Units | 263 ( 4.2%) |
| Median Home Value | $346,297 |
| Average Home Value | $400,904 |
Housing Distribution
Address Breakdown
Residential
6,350
Single Family
6,175
Multi-Family
175
Businesses
292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Kutz • Howard Hanna
Mls Name: MLS Now
Mls ID: #5136456