2496 Fairmount BlvdCleveland HeightsOH44106
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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 Cleveland Heights at 2496 Fairmount Blvd, Cleveland Heights, OH, 44106 offers a 5.76% rental yield on a $795,000 purchase with $3,818/mo rent. 22% in year one. Equity gained on principal adds $5,130/yr while 5% annual appreciation supports $219,644 over five years. Portfolio math shows five-year ROI at 37.59% and total cumulative return in cash at $98,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,818/mo property income against a $3,891/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2007
3,863 sqft lot
$N/A/sqft
$770 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44106, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,321 (100%) |
| Owner Occupied HU | 3,121 (20.4%) |
| Renter Occupied HU | 9,696 (63.3%) |
| Vacant Housing Units | 2,504 (16.3%) |
| Median Home Value | $320,662 |
| Average Home Value | $380,303 |
Housing Distribution
Address Breakdown
Residential
13,775
Single Family
5,649
Multi-Family
8,126
Businesses
628
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Listed by: Susan W Smith • Howard Hanna
Mls Name: MLS Now
Mls ID: #5105573