2616 Shaker Rd, Cleveland Heights, OH, 44118 | 8.3% Rental Yield

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1252 sft

2515 Overlook Rd APT 11, Cleveland Heights, OH, 44106

3 Bed
1 Bath
1086 sft

8133 Midland Rd, Mentor, OH, 44060

3 Bed
2 Bath
2016 sft

1077 Brandon Rd, Cleveland Heights, OH, 44112

3 Bed
1 Bath
- sft

29420 Grand Blvd, Wickliffe, OH, 44092

Nearby investment properties with comparable prices

2 Bed
2 Bath
1470 sft

14010 Swan Lake Blvd, North Royalton, OH, 44133

4 Bed
2 Bath
2530 sft

1690 Byron Dr, Mayfield Heights, OH, 44124

4 Bed
2 Bath
2015 sft

2048 Campus Rd, South Euclid, OH, 44121

3 Bed
2 Bath
1568 sft

2406 Park Dr, Parma, OH, 44134

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Cleveland Heights at 2616 Shaker Rd, Cleveland Heights, OH, 44118 generates $2,143/mo in rent, after a $1,517/mo payment. Total monthly income is $2,143/mo. Return on cash invested sits at 18.49% in year one, and rental yield is 8.3% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 96.72% and total cumulative return in cash sums $99,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,143/mo property income rather than buyer’s personal income.

Single Family

Built in 1923

6,398 sqft lot

$N/A/sqft

No HOA