Attention investors and house hackers! Welcome to 16684 Libby Rd, a rock solid, brick front duplex in Maple Heights designed to deliver immediate, hassle free cash flow from day one. This property features a highly functional layout, a spacious paved driveway, and a large backyard perfect for tenant enjoyment. The lower unit is currently occupied by a reliable tenant generating $987 per month and is locked into a stable lease through January 2027. Meanwhile, the upstairs unit brings in $992 per month on a flexible month to month agreement, offering a savvy buyer the perfect setup to either keep cash flowing smoothly or move in and live practically for free while the downstairs pays the mortgage.
What truly sets this multi-family asset apart is its exceptional alignment with smart leverage strategies. Generating a combined gross monthly income of $1,979, this property sits in a prime sweet spot for investors looking to utilize Debt Service Coverage Ratio (DSCR) financing. This strong revenue stream easily satisfies the classic 1% Rule (where monthly rent equals or exceeds 1% of the purchase price) making it incredibly easy for the property’s own income to qualify for the mortgage without relying on your personal debt to income history.
Beyond the numbers, this duplex is packed with practical amenities that ensure long term tenant satisfaction and minimal overhead. The bright, classic kitchens offer ample cabinetry and functional layouts, and the property features a gorgeous, window lined sunroom that makes a perfect bonus space. Adding massive value to the bottom line, the shared basement conveys complete with a commercial grade, card payment washer and dryer system. This setup completely eliminates the headache of dealing with quarters while providing a steady, built in stream of secondary ancillary income. Don't miss out on adding this turnkey, income producing powerhouse to your portfolio!
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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