293 Burwick RdHighland HeightsOH44143
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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 Highland Heights at 293 Burwick Rd, Highland Heights, OH, 44143 offers a 9.56% rental yield on a $685,000 purchase with $5,456/mo rent. Total monthly income registers $5,456/mo, and a $3,353/mo payment leaves $645/mo available for distribution. Annual cash flow reaches $7,742/yr on $225,365 to close, and return on cash invested stands at 23.5% in year one. Equity gained on principal adds $4,420/yr while 5% annual appreciation supports $189,253 over five years. Portfolio math shows five-year ROI at 123.16% and total cumulative return in cash at $277,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,456/mo property income against a $3,353/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,454 sqft lot
$N/A/sqft
$303 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44143, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,192 (100%) |
| Owner Occupied HU | 7,818 (69.9%) |
| Renter Occupied HU | 2,471 (22.1%) |
| Vacant Housing Units | 903 ( 8.1%) |
| Median Home Value | $280,301 |
| Average Home Value | $312,811 |
Housing Distribution
Address Breakdown
Residential
11,225
Single Family
9,001
Multi-Family
2,224
Businesses
724
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Listed by: Kathleen Thomas • Howard Hanna
Mls Name: MLS Now
Mls ID: #5128752