1200 Eric LnClevelandOH44109
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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 1200 Eric Ln, Cleveland, OH, 44109 earns $794/mo cash flow from $2,081/mo rent with a $857/mo payment. Total monthly income totals $2,081/mo, and annual cash flow totals $9,531/yr on $58,013 capital. ROI tracks 36.34% on current figures, and rental yield reads 14.27% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 192.53% and total cumulative return in cash sums $111,691. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,081/mo property income instead of your personal income.
Single Family
Built in 1973
6,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44109, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,452 (100%) |
| Owner Occupied HU | 8,011 (41.2%) |
| Renter Occupied HU | 8,784 (45.2%) |
| Vacant Housing Units | 2,657 (13.7%) |
| Median Home Value | $135,792 |
| Average Home Value | $177,800 |
Housing Distribution
Address Breakdown
Residential
15,908
Single Family
13,430
Multi-Family
2,478
Businesses
1,049
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