2960 Richmond RdBeachwoodOH44122
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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
Rental property for sale in Beachwood at 2960 Richmond Rd, Beachwood, OH, 44122 generates $3,596/mo in rent and, after a $2,599/mo payment, leaves $103/mo in cash flow. Total monthly income is $3,596/mo, and annual cash flow is $1,238/yr on $174,699 invested. Return on cash invested sits at 20.77% in year one, and rental yield is 8.13% on a $531,000 entry. Equity gained on principal adds $3,426/yr, while 5% annual appreciation builds toward $146,706 over five years. Five-year ROI reaches 107.95% and total cumulative return in cash sums $188,589. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,596/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44122, Beachwood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,957 (100%) |
| Owner Occupied HU | 9,374 (55.3%) |
| Renter Occupied HU | 6,116 (36.1%) |
| Vacant Housing Units | 1,467 ( 8.7%) |
| Median Home Value | $330,080 |
| Average Home Value | $368,661 |
Housing Distribution
Address Breakdown
Residential
16,592
Single Family
10,817
Multi-Family
5,775
Businesses
2,163
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