3074 Lee RdShaker HeightsOH44120
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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 Shaker Heights at 3074 Lee Rd, Shaker Heights, OH, 44120 listed at $1,535,500 pairs $12,790/mo rent with a $7,516/mo payment to leave $642/mo cash flow. Total monthly income runs $12,790/mo, and annual cash flow reaches $7,703/yr on $497,502 cash to close. Return on cash invested measures 21.92% in year one, and rental yield registers 10% at a $1,535,500 basis. Equity gained on principal adds $9,908/yr, and annual property appreciation at 5% supports $424,230 by year five. Five-year ROI tracks 115.83% and total cumulative return in cash totals $576,249. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $12,790/mo property income relative to a $7,516/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44120, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,212 (100%) |
| Owner Occupied HU | 7,049 (34.9%) |
| Renter Occupied HU | 9,502 (47.0%) |
| Vacant Housing Units | 3,661 (18.1%) |
| Median Home Value | $200,216 |
| Average Home Value | $268,976 |
Housing Distribution
Address Breakdown
Residential
16,292
Single Family
11,168
Multi-Family
5,124
Businesses
826
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Listed by: Chris Jurcisin • Howard Hanna
Mls Name: MLS Now
Mls ID: #5127400