1753 Collamer AveClevelandOH44112
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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 1753 Collamer Ave, Cleveland, OH, 44112 uses $39,449 cash to close to unlock $5,624/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $1,251/mo, and a $582/mo payment keeps the spread at $469/mo. Purchase price stands at $119,000, and rental yield measures 12.62% with $1,251/mo rent. Return on cash invested shows 34.17% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 179.85% and total cumulative return in cash records $70,949. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,251/mo property income covering a $582/mo payment rather than investor’s personal income.
Multi Family
Built in 1916
3,998 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: Stacey M Grant • Keller Williams Chervenic Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5139816
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