1237 Washington Ave APT 1012ClevelandOH44113
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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 1237 Washington Ave APT 1012, Cleveland, OH, 44113 offers a 8.64% rental yield on a $223,500 purchase with $1,609/mo rent. Total monthly income registers $1,609/mo, and a $1,094/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,665/yr on $74,090 to close, and return on cash invested stands at 22.16% in year one. Equity gained on principal adds $1,442/yr while 5% annual appreciation supports $61,749 over five years. Portfolio math shows five-year ROI at 115.41% and total cumulative return in cash at $85,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,609/mo property income against a $1,094/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44113, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,526 (100%) |
| Owner Occupied HU | 2,709 (18.6%) |
| Renter Occupied HU | 9,877 (68.0%) |
| Vacant Housing Units | 1,940 (13.4%) |
| Median Home Value | $338,265 |
| Average Home Value | $347,809 |
Housing Distribution
Address Breakdown
Residential
13,021
Single Family
5,605
Multi-Family
7,416
Businesses
1,402
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