3032 E River RdSheffield villageOH44054
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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 Sheffield village at 3032 E River Rd, Sheffield village, OH, 44054 uses $39,780 cash to close to unlock $1,452/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $910/mo, and a $587/mo payment keeps the spread at $121/mo. Purchase price stands at $120,000, and rental yield measures 9.1% with $910/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 122.91% and total cumulative return in cash records $48,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $910/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44054, Sheffield Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,781 (100%) |
| Owner Occupied HU | 3,959 (68.5%) |
| Renter Occupied HU | 1,481 (25.6%) |
| Vacant Housing Units | 341 ( 5.9%) |
| Median Home Value | $212,593 |
| Average Home Value | $273,551 |
Housing Distribution
Address Breakdown
Residential
5,599
Single Family
5,149
Multi-Family
450
Businesses
211
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Listed by: Jesse R Kracht • Russell Real Estate Services
Mls Name: MLS Now
Mls ID: #5178381