341 Knollwood TrlRichmond HeightsOH44143
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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 Richmond Heights at 341 Knollwood Trl, Richmond Heights, OH, 44143 with 5% annual appreciation on a $340,000 basis while $2,360/mo rent supports operations. Total monthly income totals $2,360/mo and a $1,664/mo payment preserves $124/mo for cash returns. Annual cash flow comes to $1,484/yr on $112,710 deployed, and return on cash invested reaches 21.23% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 8.33%. Five-year ROI measures 110.42% and total cumulative return in cash totals $124,458.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,360/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
0.40 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: Bob Zimmer • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls ID: #5146937