15720 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
Rental property for sale in East Cleveland at 15720 Hazel Rd, East Cleveland, OH, 44112 generates $795/mo in rent and, after a $514/mo payment, leaves $104/mo in cash flow. Total monthly income is $795/mo, and annual cash flow is $1,251/yr on $34,808 invested. Return on cash invested sits at 23.5% in year one, and rental yield is 9.09% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 122.74% and total cumulative return in cash sums $42,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $795/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
4,591 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: Melanie J Corrin • Waypoint Real Estate Group, LLC
Mls Name: MLS Now
Mls ID: #5147132