24025 Knickerbocker RdBay VillageOH44140
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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 Bay Village at 24025 Knickerbocker Rd, Bay Village, OH, 44140 offers a 9.67% rental yield on a $269,900 purchase with $2,175/mo rent. Total monthly income registers $2,175/mo, and a $1,321/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,263/yr on $89,472 to close, and return on cash invested stands at 23.56% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 123.52% and total cumulative return in cash at $110,514. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,175/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,660 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
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Listed by: Linda K Marhefka • Howard Hanna
Mls Name: MLS Now
Mls ID: #5093712