5427 W 16th StParmaOH44134
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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 5427 W 16th St, Parma, OH, 44134 offers a 11.12% rental yield on a $269,025 purchase with $2,492/mo rent. Total monthly income registers $2,492/mo, and a $1,317/mo payment leaves $722/mo available for distribution. Annual cash flow reaches $8,666/yr on $89,182 to close, and return on cash invested stands at 29.63% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,327 over five years. Portfolio math shows five-year ROI at 155.5% and total cumulative return in cash at $138,679. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,492/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.56 Acres 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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