3315 Elsmere 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
Rental property for sale in Shaker Heights at 3315 Elsmere Rd, Shaker Heights, OH, 44120 generates $1,860/mo in rent, after a $1,659/mo payment. Total monthly income is $1,860/mo. Return on cash invested sits at 15.96% in year one, and rental yield is 6.58% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 82.19% and total cumulative return in cash sums $92,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,860/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
6,534 sqft 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: Eileen Clegg McKeon • Howard Hanna
Mls Name: MLS Now
Mls ID: #5159223