2694 Friar DrParmaOH44134
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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
Rental property for sale in Parma at 2694 Friar Dr, Parma, OH, 44134 generates $1,489/mo in rent and, after a $1,077/mo payment, leaves $42/mo in cash flow. Total monthly income is $1,489/mo, and annual cash flow is $500/yr on $72,930 invested. Return on cash invested sits at 20.59% in year one, and rental yield is 8.12% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 107.05% and total cumulative return in cash sums $78,071. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,489/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44134, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 12,546 (72.7%) |
| Renter Occupied HU | 3,933 (22.8%) |
| Vacant Housing Units | 768 ( 4.5%) |
| Median Home Value | $167,335 |
| Average Home Value | $194,634 |
Housing Distribution
Address Breakdown
Residential
17,030
Single Family
15,171
Multi-Family
1,859
Businesses
884
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