781 Harris RdSheffield 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
Investment property for sale in Sheffield Lake at 781 Harris Rd, Sheffield Lake, OH, 44054 uses $97,461 cash to close to unlock $5,509/yr annual cash flow and $459/mo monthly cash flow. Total monthly income runs $2,393/mo, and a $1,439/mo payment keeps the spread at $459/mo. Purchase price stands at $294,000, and rental yield measures 9.77% with $2,393/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $81,227 over five years. Five-year ROI reaches 133.7% and total cumulative return in cash records $130,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,393/mo property income covering a $1,439/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.28 Acres 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
Listed by: Victoria Layne • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5130572
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