2842 Lee RdShaker heightsOH44120
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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 Shaker heights at 2842 Lee Rd, Shaker heights, OH, 44120 offers a 8.07% rental yield on a $556,000 purchase with $3,738/mo rent. 83% in year one. Equity gained on principal adds $3,588/yr while 5% annual appreciation supports $153,613 over five years. Portfolio math shows five-year ROI at 103.2% and total cumulative return in cash at $188,769. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,738/mo property income against a $2,721/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44120, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,212 (100%) |
| Owner Occupied HU | 7,049 (34.9%) |
| Renter Occupied HU | 9,502 (47.0%) |
| Vacant Housing Units | 3,661 (18.1%) |
| Median Home Value | $200,216 |
| Average Home Value | $268,976 |
Housing Distribution
Address Breakdown
Residential
16,292
Single Family
11,168
Multi-Family
5,124
Businesses
826
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Listed by: Mary Huber • Howard Hanna
Mls Name: MLS Now
Mls ID: #5156129