Condo Investment Properties in Parma, OH | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Parma, OH

Property at 6484 State Rd APT D1, Parma, OH
$ 165,000
ROI
21.5ROI percentage
Cash Flow/m
Dollar sign80
  • 2 Bed
  • 2 Bath
  • 1420 sft
6484 State Rd APT D1, Parma, OH, 44134
Property at 5250 Whispering Oaks Blvd APT C1, Parma, OH
$ 190,000
ROI
20.8ROI percentage
Cash Flow/m
Dollar sign57
  • 2 Bed
  • 2 Bath
  • 1083 sft
5250 Whispering Oaks Blvd APT C1, Parma, OH, 44134
Property at 5546 Sunset Ln #A15F, Parma, OH
$ 155,000
ROI
29.5ROI percentage
Cash Flow/m
Dollar sign420
  • 2 Bed
  • 2 Bath
  • 1470 sft
5546 Sunset Ln #A15F, Parma, OH, 44134
Property at 5589 Rainier Ct #164, Parma, OH
$ 205,000
ROI
39.1ROI percentage
Cash Flow/m
Dollar sign1101
  • 4 Bed
  • 2 Bath
  • 1512 sft
5589 Rainier Ct #164, Parma, OH, 44134

Why Invest in Parma, Ohio?

Parma, OH offers strong opportunities for condo investors seeking stable rental income in a family-friendly Cleveland suburb. Recent data shows consistent home value appreciation around 6% annually, supporting solid returns. Average rents near $1,400 provide attractive yields with low vacancy risks. Cap rates hover at competitive levels amid steady demand from local workforce. Economic stability from manufacturing bolsters long-term cash flow potential.

7.2%
Avg. ROI
6.8%
Rental Yield
6.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1377/mo
Avg. Rent
6.4%
1Y Appreciation

Frequently Asked Questions

Yes, condos offer stable cash flow with average rents around $1,400 and 6-7% yields. Steady appreciation and low vacancy make them attractive for passive investors. Proximity to Cleveland jobs ensures tenant demand.

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