8321 Wainstead DrParmaOH44129
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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 Parma at 8321 Wainstead Dr, Parma, OH, 44129 uses $51,051 cash to close to unlock $13,631/yr annual cash flow and $1,136/mo monthly cash flow. Total monthly income runs $2,168/mo, and a $754/mo payment keeps the spread at $1,136/mo. Purchase price stands at $154,000, and rental yield measures 16.89% with $2,168/mo rent. Return on cash invested shows 46.61% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 246.7% and total cumulative return in cash records $125,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,168/mo property income covering a $754/mo payment rather than investor’s personal income.
Single Family
Built in 1954
4,800 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: Lyndi Gesiorski • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5154047
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