1775 E 31st 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 1775 E 31st St, Cleveland, OH, 44114 offers a 24.34% rental yield on a $100,000 purchase with $2,028/mo rent. Total monthly income registers $2,028/mo, and a $489/mo payment leaves $1,371/mo available for distribution. Annual cash flow reaches $16,448/yr on $33,150 to close, and return on cash invested stands at 69.53% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 369.42% and total cumulative return in cash at $122,464. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,028/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
5,248 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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