2835 E 124th 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
Rental property for sale in Cleveland at 2835 E 124th St, Cleveland, OH, 44120 generates $808/mo in rent and, after a $513/mo payment, leaves $105/mo in cash flow. Total monthly income is $808/mo, and annual cash flow is $1,263/yr on $34,774 invested. Return on cash invested sits at 23.54% in year one, and rental yield is 9.24% on a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 123.11% and total cumulative return in cash sums $42,810. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $808/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3,998 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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Listed by: Dulcey Barr • Aspire Community Realty, LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5141779
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