1002 Wheelock RdClevelandOH44103
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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
Investment property for sale in Cleveland at 1002 Wheelock Rd, Cleveland, OH, 44103 uses $53,537 cash to close to unlock $5,354/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $1,508/mo, and a $790/mo payment keeps the spread at $446/mo. Purchase price stands at $161,500, and rental yield measures 11.2% with $1,508/mo rent. Return on cash invested shows 29.91% in year one, and 5% annual appreciation builds toward $44,619 over five years. Five-year ROI reaches 157.04% and total cumulative return in cash records $84,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,508/mo property income covering a $790/mo payment rather than investor’s personal income.
Single Family
Built in 2003
3,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44103, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,793 (100%) |
| Owner Occupied HU | 2,036 (23.2%) |
| Renter Occupied HU | 4,654 (52.9%) |
| Vacant Housing Units | 2,103 (23.9%) |
| Median Home Value | $73,679 |
| Average Home Value | $162,713 |
Housing Distribution
Address Breakdown
Residential
5,859
Single Family
3,935
Multi-Family
1,924
Businesses
882
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Listed by: Tiffany L Hollinger • Berkshire Hathaway HomeServices Professional Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5138451
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