15018 Terrace RdEast ClevelandOH44112
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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 East Cleveland at 15018 Terrace Rd, East Cleveland, OH, 44112 offers a 9.01% rental yield on a $149,900 purchase with $1,125/mo rent. Total monthly income registers $1,125/mo, and a $734/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,664/yr on $49,692 to close, and return on cash invested stands at 23.26% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 121.32% and total cumulative return in cash at $60,287. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,125/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44112, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,274 (100%) |
| Owner Occupied HU | 3,453 (30.6%) |
| Renter Occupied HU | 5,344 (47.4%) |
| Vacant Housing Units | 2,477 (22.0%) |
| Median Home Value | $98,525 |
| Average Home Value | $174,796 |
Housing Distribution
Address Breakdown
Residential
9,622
Single Family
6,832
Multi-Family
2,790
Businesses
423
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Listed by: Jermaine N Brooks • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls ID: #5162885