9150 Florence RdWilloughbyOH44094
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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 9150 Florence Rd, Willoughby, OH, 44094 uses $71,273 cash to close to unlock $2,086/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,601/mo, and a $1,052/mo payment keeps the spread at $174/mo. Purchase price stands at $215,000, and rental yield measures 8.94% with $1,601/mo rent. Return on cash invested shows 22.84% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 119.12% and total cumulative return in cash records $84,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,601/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Multi Family
Built in 1950
1.51 Acres 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: Julie A Marous • Berkshire Hathaway HomeServices Professional Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5142267
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