17714 Grovewood AveClevelandOH44119
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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 17714 Grovewood Ave, Cleveland, OH, 44119 listed at $124,500 pairs $1,265/mo rent with a $609/mo payment to leave $446/mo cash flow. Total monthly income runs $1,265/mo, and annual cash flow reaches $5,357/yr on $41,272 cash to close. Return on cash invested measures 32.89% in year one, and rental yield registers 12.19% at a $124,500 basis. Equity gained on principal adds $803/yr, and annual property appreciation at 5% supports $34,397 by year five. Five-year ROI tracks 173.04% and total cumulative return in cash totals $71,416. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,265/mo property income relative to a $609/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1924
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44119, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,318 (100%) |
| Owner Occupied HU | 3,073 (48.6%) |
| Renter Occupied HU | 2,337 (37.0%) |
| Vacant Housing Units | 908 (14.4%) |
| Median Home Value | $128,941 |
| Average Home Value | $163,248 |
Housing Distribution
Address Breakdown
Residential
5,443
Single Family
4,715
Multi-Family
728
Businesses
374
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