474 Jeannette 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 474 Jeannette Dr, Richmond Heights, OH, 44143 priced at $254,900 converts $1,793/mo rent into $115/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,793/mo, and annual cash flow totals $1,376/yr on $84,499 invested. Return on cash invested prints 21.54% in year one, and rental yield reads 8.44% against a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,424 by year five. Five-year ROI reaches 112.12% and total cumulative return in cash sums $94,740. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,793/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.35 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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