12107 Forest AveClevelandOH44120
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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
Rental property for sale in Cleveland at 12107 Forest Ave, Cleveland, OH, 44120 generates $1,362/mo in rent and, after a $636/mo payment, leaves $507/mo in cash flow. Total monthly income is $1,362/mo, and annual cash flow is $6,086/yr on $43,095 invested. Return on cash invested sits at 34.03% in year one, and rental yield is 12.57% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 179.19% and total cumulative return in cash sums $77,223. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,362/mo property income rather than buyer’s personal income.
Multi Family
Built in 1915
3,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44120, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,212 (100%) |
| Owner Occupied HU | 7,049 (34.9%) |
| Renter Occupied HU | 9,502 (47.0%) |
| Vacant Housing Units | 3,661 (18.1%) |
| Median Home Value | $200,216 |
| Average Home Value | $268,976 |
Housing Distribution
Address Breakdown
Residential
16,292
Single Family
11,168
Multi-Family
5,124
Businesses
826
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