12405 Signet 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
Investment property for sale in Cleveland at 12405 Signet Ave, Cleveland, OH, 44120 uses $44,753 cash to close to unlock $6,393/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $1,421/mo, and a $661/mo payment keeps the spread at $533/mo. Purchase price stands at $135,000, and rental yield measures 12.63% with $1,421/mo rent. Return on cash invested shows 34.19% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 179.98% and total cumulative return in cash records $80,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,421/mo property income covering a $661/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
4,199 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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