1667 E 40th StClevelandOH44103
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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 1667 E 40th St, Cleveland, OH, 44103 listed at $324,500 pairs $940/mo rent with a $1,588/mo payment. Total monthly income runs $940/mo. Return on cash invested measures -1.07% in year one, and rental yield registers 3.48% at a $324,500 basis. Equity gained on principal adds $2,094/yr, and annual property appreciation at 5% supports $89,653 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $940/mo property income relative to a $1,588/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1908
2,892 sqft lot
$N/A/sqft
$686 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44103, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,793 (100%) |
| Owner Occupied HU | 2,036 (23.2%) |
| Renter Occupied HU | 4,654 (52.9%) |
| Vacant Housing Units | 2,103 (23.9%) |
| Median Home Value | $73,679 |
| Average Home Value | $162,713 |
Housing Distribution
Address Breakdown
Residential
5,859
Single Family
3,935
Multi-Family
1,924
Businesses
882
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Listed by: Victor Duqum • VSD Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5079067
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