2515 Overlook Rd APT 11Cleveland 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
Investment property for sale in Cleveland Heights at 2515 Overlook Rd APT 11, Cleveland Heights, OH, 44106 listed at $159,900 pairs $1,821/mo rent with a $783/mo payment to leave $320/mo cash flow. Total monthly income runs $1,821/mo, and annual cash flow reaches $3,837/yr on $53,007 cash to close. Return on cash invested measures 27.15% in year one, and rental yield registers 13.67% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 145.89% and total cumulative return in cash totals $77,334. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,821/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1924
N/A lot
$N/A/sqft
$325 monthly 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: Christopher Trivisonno • Keller Williams Living
Mls Name: MLS Now
Mls Provider:
Mls ID: #5122155
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