397 E Inverness DrHighland HtsOH44143
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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 Highland Hts at 397 E Inverness Dr, Highland Hts, OH, 44143 earns from $1,956/mo rent with a $2,936/mo payment. Total monthly income totals $1,956/mo. ROI tracks 7.96% on current figures, and rental yield reads 3.91% at a $599,900 purchase. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 over five years. Five-year ROI reaches 39.27% and total cumulative return in cash sums $77,512. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,956/mo property income instead of your personal income.
Condo
Built in 2014
0.30 Acres lot
$N/A/sqft
No 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: Michael Kaim • Real of Ohio
Mls Name: MLS Now
Mls ID: #5152727