2164 E 87th StClevelandOH44106
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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 2164 E 87th St, Cleveland, OH, 44106 uses $139,230 cash to close to unlock $3,780/yr annual cash flow and $315/mo monthly cash flow. Total monthly income runs $3,078/mo, and a $2,056/mo payment keeps the spread at $315/mo. Purchase price stands at $420,000, and rental yield measures 8.79% with $3,078/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 117.9% and total cumulative return in cash records $164,155. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,078/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Single Family
Built in 1910
2,291 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44106, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,321 (100%) |
| Owner Occupied HU | 3,121 (20.4%) |
| Renter Occupied HU | 9,696 (63.3%) |
| Vacant Housing Units | 2,504 (16.3%) |
| Median Home Value | $320,662 |
| Average Home Value | $380,303 |
Housing Distribution
Address Breakdown
Residential
13,775
Single Family
5,649
Multi-Family
8,126
Businesses
628
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