498 Harris RdRichmond 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
Investment property for sale in Richmond Heights at 498 Harris Rd, Richmond Heights, OH, 44143 earns $230/mo cash flow from $1,407/mo rent with a $876/mo payment. Total monthly income totals $1,407/mo, and annual cash flow totals $2,756/yr on $59,339 capital. ROI tracks 24.55% on current figures, and rental yield reads 9.43% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 128.28% and total cumulative return in cash sums $76,119. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,407/mo property income instead of your personal income.
Single Family
Built in 1958
0.34 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: Judie Crockett • Howard Hanna
Mls Name: MLS Now
Mls ID: #5171383