8514 Deerfield DrParmaOH44129
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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 8514 Deerfield Dr, Parma, OH, 44129 uses $59,339 cash to close to unlock $3,008/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $1,428/mo, and a $876/mo payment keeps the spread at $251/mo. Purchase price stands at $179,000, and rental yield measures 9.57% with $1,428/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 130.56% and total cumulative return in cash records $77,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,428/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1955
4,599 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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