375 Hillside RdIndependenceOH44131
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 Independence at 375 Hillside Rd, Independence, OH, 44131 at $224,500 posts ROI 22.22% with $143/mo cash flow from $1,620/mo rent. Total monthly income equals $1,620/mo, and annual cash flow records $1,717/yr on $74,422 to close. Return on cash invested measures 22.22% and rental yield reads 8.66% at the current $224,500. Equity gained on principal adds $1,449/yr, and 5% annual appreciation supports $62,025 by year five. Five-year ROI prints 115.78% and total cumulative return in cash totals $86,168.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,620/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44131, Independence, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,994 (100%) |
| Owner Occupied HU | 8,002 (89.0%) |
| Renter Occupied HU | 618 ( 6.9%) |
| Vacant Housing Units | 374 ( 4.2%) |
| Median Home Value | $273,326 |
| Average Home Value | $319,893 |
Housing Distribution
Address Breakdown
Residential
9,046
Single Family
8,851
Multi-Family
195
Businesses
1,365
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Listed by: Ricardo A Simonelli • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls ID: #5157725