1373 Slate CtCleveland HeightsOH44118
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 1373 Slate Ct, Cleveland Heights, OH, 44118 in Cleveland Heights achieves a 1.78 ratio at $369,500: $2,959/mo rent versus $1,662/mo debt service. Rental yield 9.61%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.61% yield compounds alongside 5% annual appreciation projecting $102,086 in value. Total projected cumulative return: $133,622.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.8% |
| Monthly Cash Flow | $(157) | $285 |
City averages based on Cleveland Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,959 |
| Total Monthly Debt Service | $2,969 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2015
2,866 sqft lot
$N/A/sqft
$295 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2015
2,866 sqft lot
$N/A/sqft
$295 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica A Graham • Berkshire Hathaway HomeServices Professional Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5111575
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