485 Eagle Trce #485Mayfield HeightsOH44124
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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 Mayfield Heights at 485 Eagle Trce #485, Mayfield Heights, OH, 44124 uses $91,163 cash to close to unlock $3,309/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $2,732/mo, and a $1,346/mo payment keeps the spread at $276/mo. Purchase price stands at $275,000, and rental yield measures 11.92% with $2,732/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 125.92% and total cumulative return in cash records $114,791. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,732/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1993
43.56 sqft lot
$N/A/sqft
$566 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44124, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,558 (100%) |
| Owner Occupied HU | 12,232 (62.5%) |
| Renter Occupied HU | 6,165 (31.5%) |
| Vacant Housing Units | 1,161 ( 5.9%) |
| Median Home Value | $227,452 |
| Average Home Value | $296,306 |
Housing Distribution
Address Breakdown
Residential
19,705
Single Family
13,833
Multi-Family
5,872
Businesses
1,273
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Listed by: Mary Lou McHenry • Howard Hanna
Mls Name: MLS Now
Mls ID: #5132572