1357 East Blvd APT 2ClevelandOH44106
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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 1357 East Blvd APT 2, Cleveland, OH, 44106 generates $2,052/mo in rent, after a $1,116/mo payment. Total monthly income is $2,052/mo. Return on cash invested sits at 16.77% in year one, and rental yield is 10.8% on a $228,000 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 90.88% and total cumulative return in cash sums $68,691. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,052/mo property income rather than buyer’s personal income.
Condo
Built in 1914
0.28 Acres lot
$N/A/sqft
$750 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44106, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,321 (100%) |
| Owner Occupied HU | 3,121 (20.4%) |
| Renter Occupied HU | 9,696 (63.3%) |
| Vacant Housing Units | 2,504 (16.3%) |
| Median Home Value | $320,662 |
| Average Home Value | $380,303 |
Housing Distribution
Address Breakdown
Residential
13,775
Single Family
5,649
Multi-Family
8,126
Businesses
628
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Nearby investment properties with comparable prices
Listed by: Charles D Medalie • ListWithFreedom.com Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5117814
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