12711 Gay AveClevelandOH44105
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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 12711 Gay Ave, Cleveland, OH, 44105 earns $138/mo cash flow from $835/mo rent with a $519/mo payment. Total monthly income totals $835/mo, and annual cash flow totals $1,651/yr on $35,139 capital. ROI tracks 24.61% on current figures, and rental yield reads 9.45% at a $106,000 purchase. Equity gained on principal adds $684/yr, and 5% annual appreciation supports $29,286 over five years. Five-year ROI reaches 128.59% and total cumulative return in cash sums $45,184. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $835/mo property income instead of your personal income.
Single Family
Built in 1930
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44105, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,565 (100%) |
| Owner Occupied HU | 6,705 (38.2%) |
| Renter Occupied HU | 7,511 (42.8%) |
| Vacant Housing Units | 3,349 (19.1%) |
| Median Home Value | $61,685 |
| Average Home Value | $136,807 |
Housing Distribution
Address Breakdown
Residential
12,835
Single Family
12,265
Multi-Family
570
Businesses
756
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