32502 Springside LnSolonOH44139
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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 Solon at 32502 Springside Ln, Solon, OH, 44139 uses $176,180 cash to close to unlock $7,135/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $4,117/mo, and a $2,621/mo payment keeps the spread at $595/mo. Purchase price stands at $535,500, and rental yield measures 9.23% with $4,117/mo rent. Return on cash invested shows 24.11% in year one, and 5% annual appreciation builds toward $147,949 over five years. Five-year ROI reaches 125.85% and total cumulative return in cash records $221,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,117/mo property income covering a $2,621/mo payment rather than investor’s personal income.
Single Family
Built in 1984
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44139, Solon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 7,673 (81.7%) |
| Renter Occupied HU | 1,397 (14.9%) |
| Vacant Housing Units | 326 ( 3.5%) |
| Median Home Value | $390,964 |
| Average Home Value | $441,449 |
Housing Distribution
Address Breakdown
Residential
9,560
Single Family
8,373
Multi-Family
1,187
Businesses
1,324
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