699 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 699 Irving Park Blvd, Sheffield Lake, OH, 44054 offers $1,362/mo rent that, after a $861/mo payment, leaves $205/mo cash flow. Total monthly income is $1,362/mo, and annual cash flow is $2,459/yr on $58,311 cash. Return on cash invested measures 24.13% in year one, and rental yield stands at 9.29% at a $175,900 entry. Equity gained on principal adds $1,135/yr while 5% annual appreciation compounds into $48,598 by year five. Five-year ROI records 125.97% and total cumulative return in cash reaches $73,453. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,362/mo property income versus a $861/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,405 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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Listed by: Jermaine N Brooks • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls ID: #5175067