385 W Inverness DrHighland 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 385 W Inverness Dr, Highland Heights, OH, 44143 priced at $425,000 converts $3,929/mo rent into $568/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,929/mo, and annual cash flow totals $6,822/yr on $140,888 invested. Return on cash invested prints 24.75% in year one, and rental yield reads 11.09% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 131.08% and total cumulative return in cash sums $184,673. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,929/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Condo
Built in 2005
8,712 sqft lot
$N/A/sqft
$365 monthly 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: Nicholas Shewalter • Howard Hanna
Mls Name: MLS Now
Mls ID: #5131028