5240 State RdParmaOH44134
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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 Parma at 5240 State Rd, Parma, OH, 44134 uses $87,848 cash to close to unlock $7,883/yr annual cash flow and $657/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,297/mo payment keeps the spread at $657/mo. Purchase price stands at $265,000, and rental yield measures 10.87% with $2,400/mo rent. Return on cash invested shows 28.88% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 151.47% and total cumulative return in cash records $133,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Multi Family
Built in 1926
6,067 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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