30120 Phillips AveWickliffeOH44092
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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 Wickliffe at 30120 Phillips Ave, Wickliffe, OH, 44092 uses $59,637 cash to close to unlock $2,810/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $1,418/mo, and a $881/mo payment keeps the spread at $234/mo. Purchase price stands at $179,900, and rental yield measures 9.46% with $1,418/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 128.69% and total cumulative return in cash records $76,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,418/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1953
4,730 sqft 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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