3938 E 41st StNewburgh HeightsOH44105
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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
Investment property for sale in Newburgh Heights at 3938 E 41st St, Newburgh Heights, OH, 44105 offers a 9.59% rental yield on a $187,500 purchase with $1,498/mo rent. Total monthly income registers $1,498/mo, and a $918/mo payment leaves $264/mo available for distribution. Annual cash flow reaches $3,172/yr on $62,156 to close, and return on cash invested stands at 25.01% in year one. Equity gained on principal adds $1,210/yr while 5% annual appreciation supports $51,803 over five years. Portfolio math shows five-year ROI at 130.77% and total cumulative return in cash at $81,283. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,498/mo property income against a $918/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44105, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,565 (100%) |
| Owner Occupied HU | 6,705 (38.2%) |
| Renter Occupied HU | 7,511 (42.8%) |
| Vacant Housing Units | 3,349 (19.1%) |
| Median Home Value | $61,685 |
| Average Home Value | $136,807 |
Housing Distribution
Address Breakdown
Residential
12,835
Single Family
12,265
Multi-Family
570
Businesses
756
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Listed by: Timothy M Bradford • Howard Hanna
Mls Name: MLS Now
Mls ID: #5108077