1234 E 61st StClevelandOH44103
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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 1234 E 61st St, Cleveland, OH, 44103 offers a 12.02% rental yield on a $146,000 purchase with $1,462/mo rent. Total monthly income registers $1,462/mo, and a $715/mo payment leaves $501/mo available for distribution. Annual cash flow reaches $6,015/yr on $48,399 to close, and return on cash invested stands at 32.34% in year one. Equity gained on principal adds $942/yr while 5% annual appreciation supports $40,337 over five years. Portfolio math shows five-year ROI at 170.08% and total cumulative return in cash at $82,318. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,462/mo property income against a $715/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1880
7,239 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44103, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,793 (100%) |
| Owner Occupied HU | 2,036 (23.2%) |
| Renter Occupied HU | 4,654 (52.9%) |
| Vacant Housing Units | 2,103 (23.9%) |
| Median Home Value | $73,679 |
| Average Home Value | $162,713 |
Housing Distribution
Address Breakdown
Residential
5,859
Single Family
3,935
Multi-Family
1,924
Businesses
882
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