275-277 Sheldon RdBereaOH44017
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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 Berea at 275-277 Sheldon Rd, Berea, OH, 44017 offers a 6.47% rental yield on a $345,000 purchase with $1,861/mo rent. 62% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 80.39% and total cumulative return in cash at $91,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,861/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1976
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44017, Berea, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,111 (100%) |
| Owner Occupied HU | 5,471 (67.5%) |
| Renter Occupied HU | 2,163 (26.7%) |
| Vacant Housing Units | 477 ( 5.9%) |
| Median Home Value | $220,750 |
| Average Home Value | $260,679 |
Housing Distribution
Address Breakdown
Residential
8,061
Single Family
6,706
Multi-Family
1,355
Businesses
685
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Listed by: Meghan Zahriyeh • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls Provider:
Mls ID: #5140374
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