948 Richmond RdLyndhurstOH44124
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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 Lyndhurst at 948 Richmond Rd, Lyndhurst, OH, 44124 priced at $199,300 pairs $2,372/mo rent with $1,004/mo cash flow after a $975/mo payment. Total monthly income equals $2,372/mo, and annual cash flow comes to $12,047/yr on $66,068 invested. Return on cash invested is 38.14% in year one, and rental yield stands at 14.28% on a $199,300 basis. Equity gained on principal adds $1,286/yr, and 5% annual appreciation accumulates to $55,063 by year five. Five-year ROI measures 201.51% and total cumulative return in cash reaches $133,132. For financing, Ziffy Mortgage’s DSCR program evaluates $2,372/mo property income against a $975/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44124, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,558 (100%) |
| Owner Occupied HU | 12,232 (62.5%) |
| Renter Occupied HU | 6,165 (31.5%) |
| Vacant Housing Units | 1,161 ( 5.9%) |
| Median Home Value | $227,452 |
| Average Home Value | $296,306 |
Housing Distribution
Address Breakdown
Residential
19,705
Single Family
13,833
Multi-Family
5,872
Businesses
1,273
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