3533 Chelton RdShaker HeightsOH44120
Nearby investment properties with comparable rents
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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 3533 Chelton Rd, Shaker Heights, OH, 44120 generates $1,343/mo in rent, after a $1,057/mo payment. Total monthly income is $1,343/mo. Return on cash invested sits at 18.41% in year one, and rental yield is 7.46% on a $215,900 entry. Equity gained on principal adds $1,393/yr, while 5% annual appreciation builds toward $59,649 over five years. Five-year ROI reaches 95.41% and total cumulative return in cash sums $68,288. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,343/mo property income rather than buyer’s personal income.
Multi Family
Built in 1885
7,200 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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Nearby investment properties with comparable prices
Listed by: Mohammad M Sohrabi • Encompass Ohio Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5134904
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