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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Parma, OH
Listed for sale 1 day ago
$ 285,000
ROI
29.4
Cash Flow/m
765- 3 Bed
- 2 Bath
- 1620 sft
2909 Bowmen Ln, Parma, OH, 44134
Rental Income
Listed for sale 1 day ago
$ 295,000
ROI
25.4Cash Flow/m
460- 6 Bed
- 2 Bath
- 2240 sft
4101 Pershing Ave, Parma, OH, 44134
Listed for sale 1 day ago
$ 224,900
ROI
21.3Cash Flow/m
99- 3 Bed
- 2 Bath
- 1506 sft
2718 Klusner Ave, Parma, OH, 44134
Listed for sale 1 day ago
$ 249,900
ROI
20.1Cash Flow/m
24- 5 Bed
- 3 Bath
- 1998 sft
5507 Hollywood Dr, Parma, OH, 44129
Why Invest in Parma, Ohio?
Discover Parma, OH properties under $500k offering strong value for savvy investors. This Cleveland suburb delivers affordable entry points with stable rental demand from families. Recent data shows median home values around $210k with 3-6% annual appreciation[2][3]. Renter-occupied rates exceed 35%, supporting consistent cash flow[1]. Cap rates hover at 7-8% while proximity to Cleveland jobs enhances long-term ROI.
8.5%
Avg. ROI
7.2%
Rental Yield
7.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
Expect 7-9% cap rates with $400-600 monthly cash flow on single-family homes. Rental yields average 7% supported by 37% renter occupancy. Appreciation has averaged 4% annually per recent market data.
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