3712 Lytle RdShaker HeightsOH44122
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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
Rental property for sale in Shaker Heights at 3712 Lytle Rd, Shaker Heights, OH, 44122 priced at $366,000 pairs $2,856/mo rent with $283/mo cash flow after a $1,791/mo payment. Total monthly income equals $2,856/mo, and annual cash flow comes to $3,396/yr on $121,329 invested. Return on cash invested is 22.71% in year one, and rental yield stands at 9.36% on a $366,000 basis. Equity gained on principal adds $2,362/yr, and 5% annual appreciation accumulates to $101,119 by year five. Five-year ROI measures 118.93% and total cumulative return in cash reaches $144,297. For financing, Ziffy Mortgage’s DSCR program evaluates $2,856/mo property income against a $1,791/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44122, Beachwood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,957 (100%) |
| Owner Occupied HU | 9,374 (55.3%) |
| Renter Occupied HU | 6,116 (36.1%) |
| Vacant Housing Units | 1,467 ( 8.7%) |
| Median Home Value | $330,080 |
| Average Home Value | $368,661 |
Housing Distribution
Address Breakdown
Residential
16,592
Single Family
10,817
Multi-Family
5,775
Businesses
2,163
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Nearby investment properties with comparable prices
Listed by: Bonnie Phillips • Redfin Real Estate Corporation
Mls Name: MLS Now
Mls Provider:
Mls ID: #5054257
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