4399 Stoneledge DrRichmond 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
Investment property for sale in Richmond Heights at 4399 Stoneledge Dr, Richmond Heights, OH, 44143 listed at $395,000 pairs $3,308/mo rent with a $1,933/mo payment to leave $304/mo cash flow. Total monthly income runs $3,308/mo, and annual cash flow reaches $3,642/yr on $130,943 cash to close. Return on cash invested measures 22.69% in year one, and rental yield registers 10.05% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 119.64% and total cumulative return in cash totals $156,654. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,308/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2009
10,807 sqft lot
$N/A/sqft
$500 semi-annually 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: Doris T Worley • The Agency Cleveland Northcoast
Mls Name: MLS Now
Mls Provider:
Mls ID: #5097804
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