1471 Lindazzo AveClevelandOH44114
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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 1471 Lindazzo Ave, Cleveland, OH, 44114 priced at $375,000 converts $3,241/mo rent into $660/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,241/mo, and annual cash flow totals $7,917/yr on $124,313 invested. Return on cash invested prints 26.28% in year one, and rental yield reads 10.37% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 137.9% and total cumulative return in cash sums $171,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,241/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
1,119 sqft lot
$N/A/sqft
$115 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44114, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,917 (100%) |
| Owner Occupied HU | 378 ( 6.4%) |
| Renter Occupied HU | 3,830 (64.7%) |
| Vacant Housing Units | 1,709 (28.9%) |
| Median Home Value | $115,330 |
| Average Home Value | $184,553 |
Housing Distribution
Address Breakdown
Residential
5,519
Single Family
915
Multi-Family
4,604
Businesses
1,680
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