1863 W 48th StClevelandOH44102
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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 1863 W 48th St, Cleveland, OH, 44102 listed at $199,900 pairs $1,629/mo rent with a $978/mo payment to leave $282/mo cash flow. Total monthly income runs $1,629/mo, and annual cash flow reaches $3,378/yr on $66,267 cash to close. Return on cash invested measures 25.01% in year one, and rental yield registers 9.78% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 130.93% and total cumulative return in cash totals $86,761. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,629/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1910
3,920 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
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Listed by: Sue Campbell • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls Provider:
Mls ID: #5078543
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