713 N Rocky River Dr, Berea, OH, 44017 | $176/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Berea at 713 N Rocky River Dr, Berea, OH, 44017 generates $1,353/mo in rent and, after a $876/mo payment, leaves $176/mo in cash flow. Total monthly income is $1,353/mo, and annual cash flow is $2,108/yr on $59,339 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 9.07% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 122.41% and total cumulative return in cash sums $72,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,353/mo property income rather than buyer’s personal income.

Single Family

Built in 1951

9,879 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Berea! This home won't last! Schedule an appointment today. Just minutes from Cleveland Hopkins Airport, New Browns stadium, Browns Training Camp, Cuyahoga County Fair grounds, Baldwin Wallace College, IX Center and more! Plus, a short drive to Downtown Cleveland, making this home a prime location! Yet you'll still have the opportunity to relax in the large backyard and get away from it all in this adorable Berea Cape Cod. In this 3 bedroom, 1.5 bath home, you'll find newer windows, doors, kitchen cabinets and countertops, appliances and the carpet and interior painting were done within the last 9 months. Central air was added 5 years ago and the washer/dryer combo were purchased just last year. There is a first floor bedroom, eat in kitchen, half bath and laundry on the main level while the upstairs offers two more bedrooms and a full bath. There is a cute little sunporch, accessible from the dining area of the kitchen that leads to the yard and a 1 car garage. This home would be great for an owner occupant, long term rental or an Airbnb. This is a ready to go home with potential to update as you like, build a larger garage, add an addition to the home or just leave it as is and enjoy. As they say, location, location, location, and this one can't be beat!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44017, Berea, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,111 (100%)
Owner Occupied HU	5,471 (67.5%)
Renter Occupied HU	2,163 (26.7%)
Vacant Housing Units	477 ( 5.9%)
Median Home Value	$220,750
Average Home Value	$260,679