1148 Prospect Ave E APT BClevelandOH44115
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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 1148 Prospect Ave E APT B, Cleveland, OH, 44115 earns from $2,299/mo rent with a $4,895/mo payment. Total monthly income totals $2,299/mo. ROI tracks 4.46% on current figures, and rental yield reads 2.76% at a $999,999 purchase. Equity gained on principal adds $6,453/yr, and 5% annual appreciation supports $276,281 over five years. Five-year ROI reaches 20.45% and total cumulative return in cash sums $67,275. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,299/mo property income instead of your personal income.
Condo
Built in 1889
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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