12421 Grimsby AveClevelandOH44135
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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 12421 Grimsby Ave, Cleveland, OH, 44135 uses $46,410 cash to close to unlock $1,852/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $1,075/mo, and a $685/mo payment keeps the spread at $154/mo. Purchase price stands at $140,000, and rental yield measures 9.21% with $1,075/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 124.86% and total cumulative return in cash records $57,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,075/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,482 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44135, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,900 (100%) |
| Owner Occupied HU | 6,818 (57.3%) |
| Renter Occupied HU | 4,179 (35.1%) |
| Vacant Housing Units | 903 ( 7.6%) |
| Median Home Value | $144,807 |
| Average Home Value | $191,083 |
Housing Distribution
Address Breakdown
Residential
11,788
Single Family
10,560
Multi-Family
1,228
Businesses
758
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Listed by: Martiese J Head • John Lee Real Estate Group, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5071939
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