10318 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 10318 Joan Ave, Cleveland, OH, 44111 earns $897/mo cash flow from $2,340/mo rent with a $1,074/mo payment. Total monthly income totals $2,340/mo, and annual cash flow totals $10,758/yr on $72,764 capital. ROI tracks 34.69% on current figures, and rental yield reads 12.79% at a $219,500 purchase. Equity gained on principal adds $1,416/yr, and 5% annual appreciation supports $60,644 over five years. Five-year ROI reaches 182.66% and total cumulative return in cash sums $132,910. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,340/mo property income instead of your personal income.
Multi Family
Built in 1920
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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Listed by: Danielle M Acosta • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5105124
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