5231 W 16th StParmaOH44134
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Parma at 5231 W 16th St, Parma, OH, 44134 uses $83,704 cash to close to unlock $8,796/yr annual cash flow and $733/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,236/mo payment keeps the spread at $733/mo. Purchase price stands at $252,500, and rental yield measures 11.38% with $2,394/mo rent. Return on cash invested shows 30.42% in year one, and 5% annual appreciation builds toward $69,761 over five years. Five-year ROI reaches 159.7% and total cumulative return in cash records $133,671. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,236/mo payment rather than investor’s personal income.
Single Family
Built in 1948
9,439 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44134, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 12,546 (72.7%) |
| Renter Occupied HU | 3,933 (22.8%) |
| Vacant Housing Units | 768 ( 4.5%) |
| Median Home Value | $167,335 |
| Average Home Value | $194,634 |
Housing Distribution
Address Breakdown
Residential
17,030
Single Family
15,171
Multi-Family
1,859
Businesses
884
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Listed by: Zachariah Hays • Keller Williams Living
Mls Name: MLS Now
Mls Provider:
Mls ID: #5164682
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