2243 Bellfield AveCleveland HeightsOH44106
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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 Heights at 2243 Bellfield Ave, Cleveland Heights, OH, 44106 uses $99,450 cash to close to unlock $1,644/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $2,110/mo, and a $1,468/mo payment keeps the spread at $137/mo. Purchase price stands at $300,000, and rental yield measures 8.44% with $2,110/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 112.19% and total cumulative return in cash records $111,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,110/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.32 Acres 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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Listed by: Jad Sandi • LPT Realty
Mls Name: MLS Now
Mls ID: #5179746