2431 Edgewood TrceClevelandOH44124
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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 2431 Edgewood Trce, Cleveland, OH, 44124 offers $2,160/mo rent that, after a $4,503/mo payment. Total monthly income is $2,160/mo. Return on cash invested measures 4.63% in year one, and rental yield stands at 2.82% at a $920,000 entry. Equity gained on principal adds $5,937/yr while 5% annual appreciation compounds into $254,179 by year five. Five-year ROI records 21.41% and total cumulative return in cash reaches $64,791. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,160/mo property income versus a $4,503/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44124, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,558 (100%) |
| Owner Occupied HU | 12,232 (62.5%) |
| Renter Occupied HU | 6,165 (31.5%) |
| Vacant Housing Units | 1,161 ( 5.9%) |
| Median Home Value | $227,452 |
| Average Home Value | $296,306 |
Housing Distribution
Address Breakdown
Residential
19,705
Single Family
13,833
Multi-Family
5,872
Businesses
1,273
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