Under $300K Investment Properties for Sale in Parma, OH
765- 3 Bed
- 2 Bath
- 1620 sft
460- 6 Bed
- 2 Bath
- 2240 sft
99- 3 Bed
- 2 Bath
- 1506 sft
24- 5 Bed
- 3 Bath
- 1998 sft
Why Invest in Parma, Ohio?
Discover investment opportunities in Parma, OH with homes under $300k offering strong potential for cash flow and appreciation. This Cleveland suburb provides affordable entry points for single-family rentals with competitive cap rates around 7-8%. Renter-occupied housing exceeds 35%, supported by stable local employment and median rents near $1,100. Recent data shows modest appreciation of 3-4% annually amid controlled supply growth. Low vacancy rates under 5% make these properties attractive for long-term holds.
Frequently Asked Questions
Parma offers affordable single-family homes with strong rental demand from 36% renter-occupied housing. Cap rates around 7.8% and average cash flow of $450 provide solid returns. Proximity to Cleveland jobs enhances stability.
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