3084 E Derbyshire RdCleveland HeightsOH44118
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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
Rental property for sale in Cleveland Heights at 3084 E Derbyshire Rd, Cleveland Heights, OH, 44118 generates $1,541/mo in rent, after a $1,884/mo payment. Total monthly income is $1,541/mo. Return on cash invested sits at 8.48% in year one, and rental yield is 4.8% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 42.85% and total cumulative return in cash sums $54,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,541/mo property income rather than buyer’s personal income.
Multi Family
Built in 1915
7,501 sqft lot
$N/A/sqft
No HOA
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Listed by: Charles H Epstein • Century 21 Premiere Properties, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5143326
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