575 Barrett RdBereaOH44017
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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 Berea at 575 Barrett Rd, Berea, OH, 44017 priced at $317,900 converts $2,252/mo rent into $161/mo cash flow after a $1,556/mo obligation. Total monthly income equals $2,252/mo, and annual cash flow totals $1,930/yr on $105,384 invested. Return on cash invested prints 21.74% in year one, and rental yield reads 8.5% against a $317,900 entry. Equity gained on principal adds $2,051/yr, while 5% annual appreciation compiles into $87,830 by year five. Five-year ROI reaches 113.17% and total cumulative return in cash sums $119,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,252/mo property income covering a $1,556/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44017, Berea, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,111 (100%) |
| Owner Occupied HU | 5,471 (67.5%) |
| Renter Occupied HU | 2,163 (26.7%) |
| Vacant Housing Units | 477 ( 5.9%) |
| Median Home Value | $220,750 |
| Average Home Value | $260,679 |
Housing Distribution
Address Breakdown
Residential
8,061
Single Family
6,706
Multi-Family
1,355
Businesses
685
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