6340 Park Pointe CtPepper PikeOH44124
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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 Pepper Pike at 6340 Park Pointe Ct, Pepper Pike, OH, 44124 generates $1,865/mo in rent, after a $2,369/mo payment. Total monthly income is $1,865/mo. Return on cash invested sits at 10.05% in year one, and rental yield is 4.62% on a $484,000 entry. Equity gained on principal adds $3,123/yr, while 5% annual appreciation builds toward $133,720 over five years. Five-year ROI reaches 50.48% and total cumulative return in cash sums $80,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,865/mo property income rather than buyer’s personal income.
Condo
Built in 2011
2,243 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44124, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,558 (100%) |
| Owner Occupied HU | 12,232 (62.5%) |
| Renter Occupied HU | 6,165 (31.5%) |
| Vacant Housing Units | 1,161 ( 5.9%) |
| Median Home Value | $227,452 |
| Average Home Value | $296,306 |
Housing Distribution
Address Breakdown
Residential
19,705
Single Family
13,833
Multi-Family
5,872
Businesses
1,273
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Listed by: Karine J Garfield • Howard Hanna
Mls Name: MLS Now
Mls ID: #5136396