6468 State Rd APT L11, Parma, OH, 44134 | $177/mo Cash Flow

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6468 State Rd APT L11, Parma, OH, 44134 | $177/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Parma at 6468 State Rd APT L11, Parma, OH, 44134 uses $53,007 cash to close to unlock $2,122/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $1,229/mo, and a $783/mo payment keeps the spread at $177/mo. Purchase price stands at $159,900, and rental yield measures 9.22% with $1,229/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 124.84% and total cumulative return in cash records $66,174. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,229/mo property income covering a $783/mo payment rather than investor’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this Mansard-roofed townhome nestled in the serene Concord Square Village community! As you approach the unit, you'll be greeted by a charming, private fenced patio that's perfect for entertaining guests or enjoying a peaceful moment outdoors. Enjoy the outdoors a little more from the balcony that overlooks the backyard which is seamlessly accessible through the living room for added convenience. Inside, the well-appointed kitchen boasts ample storage and all necessary appliances, conveniently located near the dining area for easy meal preparation and entertaining. The first floor also features a half bath for guests, ensuring comfort and accessibility. Venture upstairs to discover three generously sized bedrooms, each equipped with large closets for optimal storage. The main bath, featuring a walk-in shower, offers dual sink areas off the hallway and the primary bedroom, making your morning routine a breeze. The finished basement houses the laundry room and provides access to the spacious two-car garage, adding to the unit's functionality. The community amenities include a refreshing pool and playground. A short distance away from Concord Square Village, you'll find State Road Park, which features baseball diamonds, a pickleball court, a disc golf course, and a mini-golf course for endless recreational opportunities. Plus, the Ridgewood Golf Course is nearby for golf enthusiasts! This townhome is perfectly situated close to shopping and dining options, offering the best of convenience and lifestyle. Dont miss the chance to make this delightful property your new home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44134, Cleveland, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,247 (100%)
Owner Occupied HU	12,546 (72.7%)
Renter Occupied HU	3,933 (22.8%)
Vacant Housing Units	768 ( 4.5%)
Median Home Value	$167,335
Average Home Value	$194,634