1607 E 34th StClevelandOH44114
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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 1607 E 34th St, Cleveland, OH, 44114 uses $49,725 cash to close to unlock $2,334/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $1,181/mo, and a $734/mo payment keeps the spread at $195/mo. Purchase price stands at $150,000, and rental yield measures 9.45% with $1,181/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 128.54% and total cumulative return in cash records $63,918. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,181/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No 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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