50 S Rocky River Dr APT 206BereaOH44017
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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 Berea at 50 S Rocky River Dr APT 206, Berea, OH, 44017 generates $1,080/mo in rent and, after a $685/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $1,912/yr on $46,410 invested. Return on cash invested sits at 24.03% in year one, and rental yield is 9.26% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 125.5% and total cumulative return in cash sums $58,246. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44017, Berea, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,111 (100%) |
| Owner Occupied HU | 5,471 (67.5%) |
| Renter Occupied HU | 2,163 (26.7%) |
| Vacant Housing Units | 477 ( 5.9%) |
| Median Home Value | $220,750 |
| Average Home Value | $260,679 |
Housing Distribution
Address Breakdown
Residential
8,061
Single Family
6,706
Multi-Family
1,355
Businesses
685
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