245 Quail RoostClevelandOH44124
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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 245 Quail Roost, Cleveland, OH, 44124 priced at $219,000 converts $1,513/mo rent into $72/mo cash flow after a $1,072/mo obligation. Total monthly income equals $1,513/mo, and annual cash flow totals $868/yr on $72,599 invested. Return on cash invested prints 21.1% in year one, and rental yield reads 8.29% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. Five-year ROI reaches 109.8% and total cumulative return in cash sums $79,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,513/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Condo
Built in 1986
15.37 Acres 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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