344 Longspur RdHighland 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
Rental property for sale in Highland Heights at 344 Longspur Rd, Highland Heights, OH, 44143 priced at $550,000 pairs $4,662/mo rent with $1,027/mo cash flow after a $2,692/mo payment. Total monthly income equals $4,662/mo, and annual cash flow comes to $12,330/yr on $180,950 invested. Return on cash invested is 26.87% in year one, and rental yield stands at 10.17% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 140.72% and total cumulative return in cash reaches $254,638. For financing, Ziffy Mortgage’s DSCR program evaluates $4,662/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
0.49 Acres lot
$N/A/sqft
$200 annually 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: Deborah A Della Vella • Howard Hanna
Mls Name: MLS Now
Mls ID: #5110872