1104 Prospect Ave E APT 302ClevelandOH44115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Cleveland at 1104 Prospect Ave E APT 302, Cleveland, OH, 44115 generates $2,299/mo in rent and, after a $1,224/mo payment, leaves $654/mo in cash flow. Total monthly income is $2,299/mo, and annual cash flow is $7,850/yr on $82,875 invested. Return on cash invested sits at 29.38% in year one, and rental yield is 11.04% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 154.19% and total cumulative return in cash sums $127,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,299/mo property income rather than buyer’s personal income.
Condo
Built in 1910
435.60 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices