6787 Orchard BlvdParma 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 6787 Orchard Blvd, Parma Heights, OH, 44130 with 5% annual appreciation on a $240,000 basis while $2,604/mo rent supports operations. Total monthly income totals $2,604/mo and a $1,175/mo payment preserves $1,025/mo for cash returns. Annual cash flow comes to $12,300/yr on $79,560 deployed, and return on cash invested reaches 35.37% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 13.02%. Five-year ROI measures 186.23% and total cumulative return in cash totals $148,166.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,604/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.27 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: Ann M Paydock • Howard Hanna
Mls Name: MLS Now
Mls ID: #5118252