3326 Grovewood Ave, Parma, OH, 44134 | $123/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3326 Grovewood Ave, Parma, OH, 44134 | $123/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Parma at 3326 Grovewood Ave, Parma, OH, 44134 listed at $247,500 pairs $1,751/mo rent with a $1,211/mo payment to leave $123/mo cash flow. Total monthly income runs $1,751/mo, and annual cash flow reaches $1,480/yr on $82,046 cash to close. Return on cash invested measures 21.71% in year one, and rental yield registers 8.49% at a $247,500 basis. Equity gained on principal adds $1,597/yr, and annual property appreciation at 5% supports $68,380 by year five. Five-year ROI tracks 113.05% and total cumulative return in cash totals $92,753. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,751/mo property income relative to a $1,211/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1948

5,079 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 3-bedroom, 2-bath bungalow in Parma! Step inside to discover a bright and inviting layout featuring two main-floor bedrooms with brand-new LVP flooring, along with a spacious upstairs dormer bedroom complete with a walk-in closet and built-in storage. The updated kitchen shines with all-new soft-close cabinetry, quartz countertops, and new stainless steel appliances, and opens to a formal dining roomperfect for everyday meals or entertaining guests. The main-floor bath has been completely remodeled with a new vanity, fixtures, toilet, and a tiled shower. Throughout the home, enjoy abundant natural light from vinyl windows, complemented by new LED lighting, fresh flooring, and crisp modern paint. The finished basement offers new carpeting, a full bath, a laundry area with nature stone epoxy flooring, and generous storage space. Step out back to an enclosed patio featuring luxury carpeting, providing a comfortable additional space ideal for relaxing or entertaining. Outside, there is plenty of room to enjoy a peaceful setting for family gatherings or pets. Conveniently located near highways, shopping, restaurants, gyms, and other local amenities, this move-in-ready Parma home blends comfort, style, and convenienceready for you to make it your own.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44134, Cleveland, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,247 (100%)
Owner Occupied HU	12,546 (72.7%)
Renter Occupied HU	3,933 (22.8%)
Vacant Housing Units	768 ( 4.5%)
Median Home Value	$167,335
Average Home Value	$194,634