4929 Allendale 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 4929 Allendale Dr, Richmond Heights, OH, 44143 priced at $236,500 pairs $2,444/mo rent with $815/mo cash flow after a $1,158/mo payment. Total monthly income equals $2,444/mo, and annual cash flow comes to $9,782/yr on $78,400 invested. Return on cash invested is 32.39% in year one, and rental yield stands at 12.4% on a $236,500 basis. Equity gained on principal adds $1,526/yr, and 5% annual appreciation accumulates to $65,341 by year five. Five-year ROI measures 170.73% and total cumulative return in cash reaches $133,855. For financing, Ziffy Mortgage’s DSCR program evaluates $2,444/mo property income against a $1,158/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
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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Listed by: Marysue Murray • Howard Hanna
Mls Name: MLS Now
Mls ID: #5074782