15301 Parkgrove AveClevelandOH44110
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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 15301 Parkgrove Ave, Cleveland, OH, 44110 earns $164/mo cash flow from $904/mo rent with a $551/mo payment. Total monthly income totals $904/mo, and annual cash flow totals $1,963/yr on $37,294 capital. ROI tracks 25.17% on current figures, and rental yield reads 9.64% at a $112,500 purchase. Equity gained on principal adds $726/yr, and 5% annual appreciation supports $31,082 over five years. Five-year ROI reaches 131.62% and total cumulative return in cash sums $49,084. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $904/mo property income instead of your personal income.
Single Family
Built in 1916
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44110, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,600 (100%) |
| Owner Occupied HU | 2,915 (27.5%) |
| Renter Occupied HU | 5,556 (52.4%) |
| Vacant Housing Units | 2,129 (20.1%) |
| Median Home Value | $74,973 |
| Average Home Value | $158,381 |
Housing Distribution
Address Breakdown
Residential
8,447
Single Family
6,397
Multi-Family
2,050
Businesses
572
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