13715 Shaker Blvd APT 1BClevelandOH44120
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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 13715 Shaker Blvd APT 1B, Cleveland, OH, 44120 uses $115,992 cash to close to unlock $288/yr annual cash flow and $24/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,713/mo payment keeps the spread at $24/mo. Purchase price stands at $349,900, and rental yield measures 7.98% with $2,326/mo rent. Return on cash invested shows 20.16% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 104.67% and total cumulative return in cash records $121,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1925
3.14 Acres 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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