10218 Joan AveClevelandOH44111
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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 10218 Joan Ave, Cleveland, OH, 44111 uses $41,438 cash to close to unlock $2,071/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $995/mo, and a $612/mo payment keeps the spread at $173/mo. Purchase price stands at $125,000, and rental yield measures 9.55% with $995/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 130.21% and total cumulative return in cash records $53,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $995/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1922
5,201 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44111, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,686 (100%) |
| Owner Occupied HU | 9,949 (53.2%) |
| Renter Occupied HU | 7,390 (39.5%) |
| Vacant Housing Units | 1,347 ( 7.2%) |
| Median Home Value | $159,894 |
| Average Home Value | $211,421 |
Housing Distribution
Address Breakdown
Residential
17,732
Single Family
15,584
Multi-Family
2,148
Businesses
1,076
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