2183 W 106th StClevelandOH44102
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
Investment Highlights
Investment property for sale in Cleveland at 2183 W 106th St, Cleveland, OH, 44102 offers a 12.18% rental yield on a $199,900 purchase with $2,029/mo rent. Total monthly income registers $2,029/mo, and a $978/mo payment leaves $715/mo available for distribution. Annual cash flow reaches $8,574/yr on $66,267 to close, and return on cash invested stands at 32.85% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 172.77% and total cumulative return in cash at $114,493. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,029/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1928
4,216 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