6403 Westlake 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
Investment property for sale in Parma at 6403 Westlake Ave, Parma, OH, 44129 earns $995/mo cash flow from $2,245/mo rent with a $930/mo payment. Total monthly income totals $2,245/mo, and annual cash flow totals $11,942/yr on $62,985 capital. ROI tracks 38.87% on current figures, and rental yield reads 14.18% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 205.1% and total cumulative return in cash sums $129,180. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,245/mo property income instead of your personal income.
Single Family
Built in 1951
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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