6640 Pearl Rd APT 609Parma 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 6640 Pearl Rd APT 609, Parma Heights, OH, 44130 earns $110/mo cash flow from $801/mo rent with a $514/mo payment. Total monthly income totals $801/mo, and annual cash flow totals $1,323/yr on $34,808 capital. ROI tracks 23.71% on current figures, and rental yield reads 9.15% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Five-year ROI reaches 123.84% and total cumulative return in cash sums $43,106. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $801/mo property income instead of your personal income.
Condo
Built in 1966
1.75 Acres 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: George Vujadinovic • EXP Realty, LLC.
Mls Name: MLS Now
Mls ID: #5176840