2930 Erich DrWickliffeOH44092
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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 Wickliffe at 2930 Erich Dr, Wickliffe, OH, 44092 uses $33,150 cash to close to unlock $1,412/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $775/mo, and a $489/mo payment keeps the spread at $118/mo. Purchase price stands at $100,000, and rental yield measures 9.3% with $775/mo rent. Return on cash invested shows 24.17% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 126.2% and total cumulative return in cash records $41,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $775/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1986
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44092, Wickliffe, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,336 (100%) |
| Owner Occupied HU | 5,271 (63.2%) |
| Renter Occupied HU | 2,538 (30.4%) |
| Vacant Housing Units | 527 ( 6.3%) |
| Median Home Value | $188,634 |
| Average Home Value | $248,718 |
Housing Distribution
Address Breakdown
Residential
7,919
Single Family
6,436
Multi-Family
1,483
Businesses
603
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