36843 Stevens BlvdWilloughbyOH44094
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Willoughby at 36843 Stevens Blvd, Willoughby, OH, 44094 uses $66,267 cash to close to unlock $2,898/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,556/mo, and a $978/mo payment keeps the spread at $242/mo. Purchase price stands at $199,900, and rental yield measures 9.34% with $1,556/mo rent. Return on cash invested shows 24.28% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 126.83% and total cumulative return in cash records $84,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,556/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44094, Willoughby, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,698 (100%) |
| Owner Occupied HU | 11,544 (61.7%) |
| Renter Occupied HU | 6,230 (33.3%) |
| Vacant Housing Units | 924 ( 4.9%) |
| Median Home Value | $298,381 |
| Average Home Value | $345,961 |
Housing Distribution
Address Breakdown
Residential
17,916
Single Family
13,373
Multi-Family
4,543
Businesses
1,508
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher M Scalese • Platinum Real Estate
Mls Name: MLS Now
Mls ID: #5136400