Riverview RdGates MillsOH44040
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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 Gates Mills at Riverview Rd, Gates Mills, OH, 44040 generates $1,280/mo in rent and, after a $661/mo payment, leaves $392/mo in cash flow. Total monthly income is $1,280/mo, and annual cash flow is $4,701/yr on $44,753 invested. Return on cash invested sits at 30.41% in year one, and rental yield is 11.38% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 159.71% and total cumulative return in cash sums $71,473. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,280/mo property income rather than buyer’s personal income.
Lot
Built in N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44040, Gates Mills, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,252 (100%) |
| Owner Occupied HU | 1,079 (86.2%) |
| Renter Occupied HU | 81 ( 6.5%) |
| Vacant Housing Units | 92 ( 7.3%) |
| Median Home Value | $508,304 |
| Average Home Value | $650,380 |
Housing Distribution
Address Breakdown
Residential
1,231
Single Family
1,231
Multi-Family
0
Businesses
111
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Listed by: Bill Butler • Howard Hanna
Mls Name: MLS Now
Mls ID: #4467893