467 Catlin 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
Rental property for sale in Richmond Heights at 467 Catlin Dr, Richmond Heights, OH, 44143 generates $4,170/mo in rent and, after a $1,346/mo payment, leaves $2,361/mo in cash flow. Total monthly income is $4,170/mo, and annual cash flow is $28,333/yr on $91,163 invested. Return on cash invested sits at 50.99% in year one, and rental yield is 18.2% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 270.06% and total cumulative return in cash sums $246,191. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,170/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
10,454 sqft 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: Marysue Murray • Howard Hanna
Mls Name: MLS Now
Mls ID: #5069839