11412 Itasca AveClevelandOH44106
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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 11412 Itasca Ave, Cleveland, OH, 44106 listed at $161,000 pairs $2,012/mo rent with a $788/mo payment to leave $953/mo cash flow. Total monthly income runs $2,012/mo, and annual cash flow reaches $11,436/yr on $53,372 cash to close. Return on cash invested measures 41.34% in year one, and rental yield registers 15% at a $161,000 basis. Equity gained on principal adds $1,039/yr, and annual property appreciation at 5% supports $44,481 by year five. Five-year ROI tracks 218.24% and total cumulative return in cash totals $116,475. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,012/mo property income relative to a $788/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44106, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,321 (100%) |
| Owner Occupied HU | 3,121 (20.4%) |
| Renter Occupied HU | 9,696 (63.3%) |
| Vacant Housing Units | 2,504 (16.3%) |
| Median Home Value | $320,662 |
| Average Home Value | $380,303 |
Housing Distribution
Address Breakdown
Residential
13,775
Single Family
5,649
Multi-Family
8,126
Businesses
628
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