12502 Leeila 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 12502 Leeila Ave, Cleveland, OH, 44135 uses $36,133 cash to close to unlock $1,854/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $871/mo, and a $534/mo payment keeps the spread at $155/mo. Purchase price stands at $108,999, and rental yield measures 9.59% with $871/mo rent. Return on cash invested shows 25.04% in year one, and 5% annual appreciation builds toward $30,114 over five years. Five-year ROI reaches 130.91% and total cumulative return in cash records $47,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $871/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in 1954
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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