5403 Merkle AveParmaOH44129
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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 Parma at 5403 Merkle Ave, Parma, OH, 44129 priced at $103,500 converts $1,541/mo rent into $821/mo cash flow after a $507/mo obligation. Total monthly income equals $1,541/mo, and annual cash flow totals $9,858/yr on $34,310 invested. Return on cash invested prints 48.64% in year one, and rental yield reads 17.87% against a $103,500 entry. Equity gained on principal adds $668/yr, while 5% annual appreciation compiles into $28,595 by year five. Five-year ROI reaches 258.01% and total cumulative return in cash sums $88,523. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,541/mo property income covering a $507/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44129, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,757 (100%) |
| Owner Occupied HU | 8,374 (65.6%) |
| Renter Occupied HU | 3,570 (28.0%) |
| Vacant Housing Units | 813 ( 6.4%) |
| Median Home Value | $167,812 |
| Average Home Value | $206,631 |
Housing Distribution
Address Breakdown
Residential
12,631
Single Family
10,499
Multi-Family
2,132
Businesses
743
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