2498 Fairmount BlvdCleveland 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
Rental property for sale in Cleveland Heights at 2498 Fairmount Blvd, Cleveland Heights, OH, 44106 priced at $659,000 pairs $1,740/mo rent with after a $3,225/mo payment. Total monthly income equals $1,740/mo. Return on cash invested is -2.69% in year one, and rental yield stands at 3.17% on a $659,000 basis. Equity gained on principal adds $4,252/yr, and 5% annual appreciation accumulates to $182,070 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $1,740/mo property income against a $3,225/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
3,881 sqft lot
$N/A/sqft
$1,935 quarterly 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: Chris Jurcisin • Howard Hanna
Mls Name: MLS Now
Mls ID: #5098221