321 Royal Oak BlvdRichmond HeightsOH44143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Richmond Heights at 321 Royal Oak Blvd, Richmond Heights, OH, 44143 at $189,500 posts ROI 43.44% with $1,232/mo cash flow from $2,676/mo rent. Total monthly income equals $2,676/mo, and annual cash flow records $14,779/yr on $62,819 to close. Return on cash invested measures 43.44% and rental yield reads 16.95% at the current $189,500. Equity gained on principal adds $1,223/yr, and 5% annual appreciation supports $52,355 by year five. Five-year ROI prints 230.93% and total cumulative return in cash totals $145,067.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,676/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44143, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,192 (100%) |
| Owner Occupied HU | 7,818 (69.9%) |
| Renter Occupied HU | 2,471 (22.1%) |
| Vacant Housing Units | 903 ( 8.1%) |
| Median Home Value | $280,301 |
| Average Home Value | $312,811 |
Housing Distribution
Address Breakdown
Residential
11,225
Single Family
9,001
Multi-Family
2,224
Businesses
724
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Listed by: Angelo J Marrali • Howard Hanna
Mls Name: MLS Now
Mls ID: #5162787