1237 Washington Ave APT 701ClevelandOH44113
Nearby investment properties with comparable rents
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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 1237 Washington Ave APT 701, Cleveland, OH, 44113 generates $2,448/mo in rent and, after a $920/mo payment, leaves $441/mo in cash flow. Total monthly income is $2,448/mo, and annual cash flow is $5,292/yr on $62,290 invested. Return on cash invested sits at 28.41% in year one, and rental yield is 15.63% on a $187,904 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation builds toward $51,914 over five years. Five-year ROI reaches 154.37% and total cumulative return in cash sums $96,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,448/mo property income rather than buyer’s personal income.
Condo
Built in 2007
43.56 sqft lot
$N/A/sqft
$600 monthly 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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Nearby investment properties with comparable prices
Listed by: David S Sharkey • Progressive Urban Real Estate Co
Mls Name: MLS Now
Mls Provider:
Mls ID: #5105878
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