2128 W 29th StClevelandOH44113
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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
Rental property for sale in Cleveland at 2128 W 29th St, Cleveland, OH, 44113 generates $2,085/mo in rent and, after a $1,419/mo payment, leaves $178/mo in cash flow. Total monthly income is $2,085/mo, and annual cash flow is $2,136/yr on $96,102 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 8.63% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 115.27% and total cumulative return in cash sums $110,781. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,085/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44113, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,526 (100%) |
| Owner Occupied HU | 2,709 (18.6%) |
| Renter Occupied HU | 9,877 (68.0%) |
| Vacant Housing Units | 1,940 (13.4%) |
| Median Home Value | $338,265 |
| Average Home Value | $347,809 |
Housing Distribution
Address Breakdown
Residential
13,021
Single Family
5,605
Multi-Family
7,416
Businesses
1,402
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