2814 E 118th StClevelandOH44120
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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 2814 E 118th St, Cleveland, OH, 44120 earns $97/mo cash flow from $1,070/mo rent with a $724/mo payment. Total monthly income totals $1,070/mo, and annual cash flow totals $1,162/yr on $49,062 capital. ROI tracks 22.28% on current figures, and rental yield reads 8.68% at a $148,000 purchase. Equity gained on principal adds $955/yr, and 5% annual appreciation supports $40,890 over five years. Five-year ROI reaches 116.04% and total cumulative return in cash sums $56,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,070/mo property income instead of your personal income.
Multi Family
Built in 1916
4,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44120, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,212 (100%) |
| Owner Occupied HU | 7,049 (34.9%) |
| Renter Occupied HU | 9,502 (47.0%) |
| Vacant Housing Units | 3,661 (18.1%) |
| Median Home Value | $200,216 |
| Average Home Value | $268,976 |
Housing Distribution
Address Breakdown
Residential
16,292
Single Family
11,168
Multi-Family
5,124
Businesses
826
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