2351 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 2351 E 87th St, Cleveland, OH, 44106 earns $581/mo cash flow from $2,164/mo rent with a $1,114/mo payment. Total monthly income totals $2,164/mo, and annual cash flow totals $6,976/yr on $75,483 capital. ROI tracks 29.15% on current figures, and rental yield reads 11.4% at a $227,700 purchase. Equity gained on principal adds $1,469/yr, and 5% annual appreciation supports $62,909 over five years. Five-year ROI reaches 153.43% and total cumulative return in cash sums $115,817. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,164/mo property income instead of your personal income.
Single Family
Built in 1997
5,100 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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