870 Hollyview DrSheffield LakeOH44054
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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
Rental property for sale in Sheffield Lake at 870 Hollyview Dr, Sheffield Lake, OH, 44054 priced at $396,500 converts $2,921/mo rent into $313/mo cash flow after a $1,941/mo obligation. Total monthly income equals $2,921/mo, and annual cash flow totals $3,751/yr on $131,440 invested. Return on cash invested prints 22.76% in year one, and rental yield reads 8.84% against a $396,500 entry. Equity gained on principal adds $2,559/yr, while 5% annual appreciation compiles into $109,546 by year five. Five-year ROI reaches 118.66% and total cumulative return in cash sums $155,973. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,921/mo property income covering a $1,941/mo payment, not borrower’s personal income.
Single Family
Built in 1993
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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Listed by: James E Foley • Howard Hanna
Mls Name: MLS Now
Mls ID: #5152129