1068 Elbon Rd, Cleveland Heights, OH, 44121 | $237/mo Cash Flow

For Sale

Listed for sale 3 days ago

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 1068 Elbon Rd, Cleveland Heights, OH, 44121 offers a 9.31% rental yield on a $199,900 purchase with $1,551/mo rent. Total monthly income registers $1,551/mo, and a $978/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,838/yr on $66,267 to close, and return on cash invested stands at 24.19% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 126.34% and total cumulative return in cash at $83,725. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,551/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1924

5,279 sqft lot

$N/A/sqft

No HOA