8323 Eagle Rd #57WilloughbyOH44094
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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 Willoughby at 8323 Eagle Rd #57, Willoughby, OH, 44094 offers a 9.62% rental yield on a $115,000 purchase with $922/mo rent. Total monthly income registers $922/mo, and a $563/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,985/yr on $38,123 to close, and return on cash invested stands at 25.12% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 131.35% and total cumulative return in cash at $50,073. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $922/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44094, Willoughby, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,698 (100%) |
| Owner Occupied HU | 11,544 (61.7%) |
| Renter Occupied HU | 6,230 (33.3%) |
| Vacant Housing Units | 924 ( 4.9%) |
| Median Home Value | $298,381 |
| Average Home Value | $345,961 |
Housing Distribution
Address Breakdown
Residential
17,916
Single Family
13,373
Multi-Family
4,543
Businesses
1,508
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Listed by: Shelly Chavez • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls ID: #5130810