2931 Bishop RdWilloughby HillsOH44092
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Willoughby Hills at 2931 Bishop Rd, Willoughby Hills, OH, 44092 at $249,000 posts ROI 21.61% with $117/mo cash flow from $1,875/mo rent. Total monthly income equals $1,875/mo, and annual cash flow records $1,403/yr on $82,544 to close. Return on cash invested measures 21.61% and rental yield reads 9.04% at the current $249,000. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 by year five. Five-year ROI prints 113.11% and total cumulative return in cash totals $93,368.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,875/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1942
1.50 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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Listed by: Mary Lou McHenry • Howard Hanna
Mls Name: MLS Now
Mls ID: #5114937