5706 Virginia 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 5706 Virginia Ave, Parma, OH, 44129 generates $1,322/mo in rent and, after a $807/mo payment, leaves $237/mo in cash flow. Total monthly income is $1,322/mo, and annual cash flow is $2,849/yr on $54,664 invested. Return on cash invested sits at 25.12% in year one, and rental yield is 9.62% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 131.35% and total cumulative return in cash sums $71,800. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,322/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
4,800 sqft 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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