24006 E Silsby RdBeachwoodOH44122
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
Investment property for sale in Beachwood at 24006 E Silsby Rd, Beachwood, OH, 44122 uses $87,848 cash to close to unlock $4,019/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $2,078/mo, and a $1,297/mo payment keeps the spread at $335/mo. Purchase price stands at $265,000, and rental yield measures 9.41% with $2,078/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 127.89% and total cumulative return in cash records $112,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,078/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,850 sqft 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: Non-Member Non-Member • Non-Member
Mls Name: MLS Now
Mls Provider:
Mls ID: #5150663
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