15703 Hazel 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 15703 Hazel Rd, East Cleveland, OH, 44112 uses $52,709 cash to close to unlock $2,212/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,230/mo, and a $778/mo payment keeps the spread at $184/mo. Purchase price stands at $159,000, and rental yield measures 9.28% with $1,230/mo rent. Return on cash invested shows 24.11% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 125.92% and total cumulative return in cash records $66,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,230/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,726 sqft 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: Leilani M Bowersock • Coldwell Banker Schmidt Realty
Mls Name: MLS Now
Mls ID: #5153577