Caroline Plan, South PointeParmaOH44130
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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 Parma at Caroline Plan, South Pointe, Parma, OH, 44130 priced at $349,990 converts $1,436/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,436/mo. Return on cash invested prints 10.95% in year one, and rental yield reads 4.92% against a $349,990 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,696 by year five. Five-year ROI reaches 55.3% and total cumulative return in cash sums $64,163. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,436/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44130, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,840 (100%) |
| Owner Occupied HU | 14,878 (62.4%) |
| Renter Occupied HU | 7,846 (32.9%) |
| Vacant Housing Units | 1,116 ( 4.7%) |
| Median Home Value | $197,867 |
| Average Home Value | $222,683 |
Housing Distribution
Address Breakdown
Residential
24,070
Single Family
16,906
Multi-Family
7,164
Businesses
1,702
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