1064 Elbon Rd, Cleveland Heights, OH, 44121 | $960/mo Cash Flow

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cleveland Heights at 1064 Elbon Rd, Cleveland Heights, OH, 44121 offers a 15.33% rental yield on a $154,999 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $759/mo payment leaves $960/mo available for distribution. Annual cash flow reaches $11,521/yr on $51,382 to close, and return on cash invested stands at 42.33% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,823 over five years. Portfolio math shows five-year ROI at 223.67% and total cumulative return in cash at $114,927. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

5,279 sqft lot

$N/A/sqft

No HOA