6757 Beresford AveParma 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 6757 Beresford Ave, Parma Heights, OH, 44130 uses $59,670 cash to close to unlock $18,190/yr annual cash flow and $1,516/mo monthly cash flow. Total monthly income runs $2,724/mo, and a $881/mo payment keeps the spread at $1,516/mo. Purchase price stands at $180,000, and rental yield measures 18.16% with $2,724/mo rent. Return on cash invested shows 50.39% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 267% and total cumulative return in cash records $159,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,724/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1947
7,501 sqft 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: Michael A Marx • Howard Hanna
Mls Name: MLS Now
Mls ID: #5150506