1832 W 48th StClevelandOH44102
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1832 W 48th St, Cleveland, OH, 44102 in Cleveland: $2,696/mo in rent, $663/mo net, 10.47% gross yield, all on a $309,000 acquisition. The 1.94 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $85,371 in value, and $2,846/yr in principal paydown steadily builds equity. Projected total cumulative return: $160,412.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 8.5% |
| Monthly Cash Flow | $663 | $450 |
City averages based on Cleveland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,696 |
| Total Monthly Debt Service | $1,910 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
4,408 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44102, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,477 (100%) |
| Owner Occupied HU | 6,659 (29.6%) |
| Renter Occupied HU | 12,550 (55.8%) |
| Vacant Housing Units | 3,268 (14.5%) |
| Median Home Value | $159,573 |
| Average Home Value | $227,165 |
Housing Distribution
Address Breakdown
Residential
19,043
Single Family
14,515
Multi-Family
4,528
Businesses
1,070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1900
4,408 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44102, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,477 (100%) |
| Owner Occupied HU | 6,659 (29.6%) |
| Renter Occupied HU | 12,550 (55.8%) |
| Vacant Housing Units | 3,268 (14.5%) |
| Median Home Value | $159,573 |
| Average Home Value | $227,165 |
Housing Distribution
Address Breakdown
Residential
19,043
Single Family
14,515
Multi-Family
4,528
Businesses
1,070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices