390 Norwich DrBroadview HeightsOH44147
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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 Broadview Heights at 390 Norwich Dr, Broadview Heights, OH, 44147 offers $4,202/mo rent that, after a $2,765/mo payment, leaves $303/mo cash flow. Total monthly income is $4,202/mo, and annual cash flow is $3,630/yr on $185,885 cash. Return on cash invested measures 22.01% in year one, and rental yield stands at 8.92% at a $565,000 entry. Equity gained on principal adds $3,646/yr while 5% annual appreciation compounds into $156,099 by year five. Five-year ROI records 115.04% and total cumulative return in cash reaches $213,843. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,202/mo property income versus a $2,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.32 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44147, Broadview Heights, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,389 (100%) |
| Owner Occupied HU | 6,403 (76.3%) |
| Renter Occupied HU | 1,682 (20.1%) |
| Vacant Housing Units | 304 ( 3.6%) |
| Median Home Value | $335,986 |
| Average Home Value | $357,257 |
Housing Distribution
Address Breakdown
Residential
8,531
Single Family
6,979
Multi-Family
1,552
Businesses
660
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Listed by: Chris Davidson • Howard Hanna
Mls Name: MLS Now
Mls ID: #5130475