2977 Reeves RdWilloughbyOH44094
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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 Willoughby at 2977 Reeves Rd, Willoughby, OH, 44094 uses $94,478 cash to close to unlock $6,303/yr annual cash flow and $525/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,395/mo payment keeps the spread at $525/mo. Purchase price stands at $285,000, and rental yield measures 10.11% with $2,400/mo rent. Return on cash invested shows 26.58% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 139.16% and total cumulative return in cash records $131,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1982
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44094, Willoughby, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,698 (100%) |
| Owner Occupied HU | 11,544 (61.7%) |
| Renter Occupied HU | 6,230 (33.3%) |
| Vacant Housing Units | 924 ( 4.9%) |
| Median Home Value | $298,381 |
| Average Home Value | $345,961 |
Housing Distribution
Address Breakdown
Residential
17,916
Single Family
13,373
Multi-Family
4,543
Businesses
1,508
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Listed by: Meredith Jones • Howard Hanna
Mls Name: MLS Now
Mls ID: #5118171