2473 Garden AveClevelandOH44109
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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 2473 Garden Ave, Cleveland, OH, 44109 listed at $103,700 pairs $1,444/mo rent with a $508/mo payment to leave $756/mo cash flow. Total monthly income runs $1,444/mo, and annual cash flow reaches $9,075/yr on $34,377 cash to close. Return on cash invested measures 46.31% in year one, and rental yield registers 16.71% at a $103,700 basis. Equity gained on principal adds $669/yr, and annual property appreciation at 5% supports $28,650 by year five. Five-year ROI tracks 245.13% and total cumulative return in cash totals $84,266. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,444/mo property income relative to a $508/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44109, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,452 (100%) |
| Owner Occupied HU | 8,011 (41.2%) |
| Renter Occupied HU | 8,784 (45.2%) |
| Vacant Housing Units | 2,657 (13.7%) |
| Median Home Value | $135,792 |
| Average Home Value | $177,800 |
Housing Distribution
Address Breakdown
Residential
15,908
Single Family
13,430
Multi-Family
2,478
Businesses
1,049
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