6316 Beverly DrParma HeightsOH44130
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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 Heights at 6316 Beverly Dr, Parma Heights, OH, 44130 listed at $219,900 pairs $2,160/mo rent with a $1,076/mo payment to leave $714/mo cash flow. Total monthly income runs $2,160/mo, and annual cash flow reaches $8,566/yr on $72,897 cash to close. Return on cash invested measures 31.66% in year one, and rental yield registers 11.79% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 166.38% and total cumulative return in cash totals $121,288. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44130, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,840 (100%) |
| Owner Occupied HU | 14,878 (62.4%) |
| Renter Occupied HU | 7,846 (32.9%) |
| Vacant Housing Units | 1,116 ( 4.7%) |
| Median Home Value | $197,867 |
| Average Home Value | $222,683 |
Housing Distribution
Address Breakdown
Residential
24,070
Single Family
16,906
Multi-Family
7,164
Businesses
1,702
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Listed by: Tony Vallee • Berkshire Hathaway HomeServices Simon & Salhany Realty
Mls Name: MLS Now
Mls ID: #5181395