7915 Snow RdParmaOH44129
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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
Investment property for sale in Parma at 7915 Snow Rd, Parma, OH, 44129 uses $39,449 cash to close to unlock $1,544/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $911/mo, and a $582/mo payment keeps the spread at $129/mo. Purchase price stands at $119,000, and rental yield measures 9.19% with $911/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 124.37% and total cumulative return in cash records $49,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $911/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,201 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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