2986 Bishop RdWilloughby HillsOH44092
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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 Hills at 2986 Bishop Rd, Willoughby Hills, OH, 44092 earns $296/mo cash flow from $1,866/mo rent with a $1,038/mo payment. Total monthly income totals $1,866/mo, and annual cash flow totals $3,546/yr on $70,278 capital. ROI tracks 24.96% on current figures, and rental yield reads 10.56% at a $212,000 purchase. Equity gained on principal adds $1,368/yr, and 5% annual appreciation supports $58,572 over five years. Five-year ROI reaches 131.52% and total cumulative return in cash sums $92,431. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,866/mo property income instead of your personal income.
Single Family
Built in 1944
0.98 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: Valeria Boehler • Howard Hanna
Mls Name: MLS Now
Mls ID: #5108145