487 Cahoon RdBay VillageOH44140
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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 Bay Village at 487 Cahoon Rd, Bay Village, OH, 44140 at $1,540,000 posts ROI 3.65% with from $3,180/mo rent. Total monthly income equals $3,180/mo. Return on cash invested measures 3.65% and rental yield reads 2.48% at the current $1,540,000. Equity gained on principal adds $9,937/yr, and 5% annual appreciation supports $425,474 by year five. Five-year ROI prints 16.1% and total cumulative return in cash totals $80,322. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,180/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44140, Bay Village, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 5,573 (88.5%) |
| Renter Occupied HU | 463 ( 7.4%) |
| Vacant Housing Units | 263 ( 4.2%) |
| Median Home Value | $346,297 |
| Average Home Value | $400,904 |
Housing Distribution
Address Breakdown
Residential
6,350
Single Family
6,175
Multi-Family
175
Businesses
292
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Nearby investment properties with comparable prices
Listed by: Kim Crane • Howard Hanna
Mls Name: MLS Now
Mls ID: #4499524