3406 Henderson RdCleveland HeightsOH44112
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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 3406 Henderson Rd, Cleveland Heights, OH, 44112 generates $1,572/mo in rent and, after a $1,076/mo payment, leaves $126/mo in cash flow. Total monthly income is $1,572/mo, and annual cash flow is $1,510/yr on $72,897 invested. Return on cash invested sits at 21.98% in year one, and rental yield is 8.58% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 114.46% and total cumulative return in cash sums $83,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,572/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
5,061 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44112, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,274 (100%) |
| Owner Occupied HU | 3,453 (30.6%) |
| Renter Occupied HU | 5,344 (47.4%) |
| Vacant Housing Units | 2,477 (22.0%) |
| Median Home Value | $98,525 |
| Average Home Value | $174,796 |
Housing Distribution
Address Breakdown
Residential
9,622
Single Family
6,832
Multi-Family
2,790
Businesses
423
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Listed by: Kyle Cutler • EXP Realty, LLC.
Mls Name: MLS Now
Mls ID: #5177892