6486 State Rd APT C5, Parma, OH, 44134 | $355/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6486 State Rd APT C5, Parma, OH, 44134 | $355/mo Cash Flow | Ziffy

For Sale

Currently Rented

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

Rental property for sale in Parma at 6486 State Rd APT C5, Parma, OH, 44134 generates $1,440/mo in rent and, after a $807/mo payment, leaves $355/mo in cash flow. Total monthly income is $1,440/mo, and annual cash flow is $4,265/yr on $54,664 invested. Return on cash invested sits at 27.71% in year one, and rental yield is 10.48% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 145.24% and total cumulative return in cash sums $79,396. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.

Condo

Built in 1967

1.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully updated and conveniently located condo that offers comfort, style, and low-maintenance living. Ideally situated just minutes from major highways, shopping, dining, and local amenities, this home provides an easy commute and everyday convenience. Inside, youll find 2 spacious bedrooms and 1.5 remodeled bathrooms, along with a bright living area featuring new vinyl flooring and a new bay window that fills the space with natural light. The functional layout offers great flow for relaxing or entertaining. Enjoy additional updates including a new front door, new sliding door, and a newer hot water tank. A washer and dryer are also included for added convenience. The attached garage provides direct access and extra storage. The monthly condo fee includes water, trash, access to the community pool, and morekeeping your expenses simple and predictable. The professionally managed community adds peace of mind with amenities that enhance your lifestyle. Perfect for first-time buyers, downsizing, or anyone seeking a move-in-ready, low-maintenance home in a fantastic location. Schedule your showing today!

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