8883 Michaels LnBroadview HeightsOH44147
Nearby investment properties with comparable rents
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
Rental property for sale in Broadview Heights at 8883 Michaels Ln, Broadview Heights, OH, 44147 generates $3,850/mo in rent and, after a $2,373/mo payment, leaves $565/mo in cash flow. Total monthly income is $3,850/mo, and annual cash flow is $6,777/yr on $160,744 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 9.53% on a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 126.22% and total cumulative return in cash sums $202,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,850/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
0.55 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44147, Broadview Heights, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,389 (100%) |
| Owner Occupied HU | 6,403 (76.3%) |
| Renter Occupied HU | 1,682 (20.1%) |
| Vacant Housing Units | 304 ( 3.6%) |
| Median Home Value | $335,986 |
| Average Home Value | $357,257 |
Housing Distribution
Address Breakdown
Residential
8,531
Single Family
6,979
Multi-Family
1,552
Businesses
660
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Nearby investment properties with comparable prices
Listed by: Susan Warren • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5138189
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