298 Richmond RdRichmond HeightsOH44143
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 Richmond Heights at 298 Richmond Rd, Richmond Heights, OH, 44143 listed at $184,700 pairs $2,611/mo rent with a $904/mo payment to leave $1,261/mo cash flow. Total monthly income runs $2,611/mo, and annual cash flow reaches $15,128/yr on $61,228 cash to close. Return on cash invested measures 44.62% in year one, and rental yield registers 16.96% at a $184,700 basis. Equity gained on principal adds $1,192/yr, and annual property appreciation at 5% supports $51,029 by year five. Five-year ROI tracks 236.82% and total cumulative return in cash totals $145,000. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,611/mo property income relative to a $904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
0.27 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruth A Petrucz • RealtyNet, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5144088
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.