688 Irving Park BlvdSheffield LakeOH44054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Sheffield Lake at 688 Irving Park Blvd, Sheffield Lake, OH, 44054 priced at $150,250 pairs $2,239/mo rent with $1,213/mo cash flow after a $735/mo payment. Total monthly income equals $2,239/mo, and annual cash flow comes to $14,559/yr on $49,808 invested. Return on cash invested is 49.14% in year one, and rental yield stands at 17.88% on a $150,250 basis. Equity gained on principal adds $970/yr, and 5% annual appreciation accumulates to $41,511 by year five. Five-year ROI measures 260.47% and total cumulative return in cash reaches $129,732. For financing, Ziffy Mortgage’s DSCR program evaluates $2,239/mo property income against a $735/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44054, Sheffield Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,781 (100%) |
| Owner Occupied HU | 3,959 (68.5%) |
| Renter Occupied HU | 1,481 (25.6%) |
| Vacant Housing Units | 341 ( 5.9%) |
| Median Home Value | $212,593 |
| Average Home Value | $273,551 |
Housing Distribution
Address Breakdown
Residential
5,599
Single Family
5,149
Multi-Family
450
Businesses
211
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Nearby investment properties with comparable prices
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