7507 Manhattan AveParmaOH44129
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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
Rental property for sale in Parma at 7507 Manhattan Ave, Parma, OH, 44129 generates $1,299/mo in rent, after a $976/mo payment. Total monthly income is $1,299/mo. Return on cash invested sits at 19.68% in year one, and rental yield is 7.81% on a $199,500 entry. Equity gained on principal adds $1,287/yr, while 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 102.17% and total cumulative return in cash sums $67,567. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,299/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
4,678 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44129, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,757 (100%) |
| Owner Occupied HU | 8,374 (65.6%) |
| Renter Occupied HU | 3,570 (28.0%) |
| Vacant Housing Units | 813 ( 6.4%) |
| Median Home Value | $167,812 |
| Average Home Value | $206,631 |
Housing Distribution
Address Breakdown
Residential
12,631
Single Family
10,499
Multi-Family
2,132
Businesses
743
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Listed by: Janet S Gallucci • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5125719
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