1104 Prospect Ave E #401ClevelandOH44115
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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 1104 Prospect Ave E #401, Cleveland, OH, 44115 uses $62,952 cash to close to unlock $4,084/yr annual cash flow and $340/mo monthly cash flow. Total monthly income runs $1,589/mo, and a $929/mo payment keeps the spread at $340/mo. Purchase price stands at $189,900, and rental yield measures 10.04% with $1,589/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 138.19% and total cumulative return in cash records $86,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,589/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44115, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,892 (100%) |
| Owner Occupied HU | 328 ( 4.8%) |
| Renter Occupied HU | 5,257 (76.3%) |
| Vacant Housing Units | 1,307 (19.0%) |
| Median Home Value | $172,857 |
| Average Home Value | $194,240 |
Housing Distribution
Address Breakdown
Residential
5,347
Single Family
1,673
Multi-Family
3,674
Businesses
797
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