2893 E 64th StClevelandOH44127
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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 2893 E 64th St, Cleveland, OH, 44127 generates $1,199/mo in rent and, after a $587/mo payment, leaves $410/mo in cash flow. Total monthly income is $1,199/mo, and annual cash flow is $4,922/yr on $39,747 invested. Return on cash invested sits at 32.29% in year one, and rental yield is 12% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 169.85% and total cumulative return in cash sums $67,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,199/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
4,965 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44127, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,197 (100%) |
| Owner Occupied HU | 780 (35.5%) |
| Renter Occupied HU | 966 (44.0%) |
| Vacant Housing Units | 451 (20.5%) |
| Median Home Value | $50,833 |
| Average Home Value | $90,103 |
Housing Distribution
Address Breakdown
Residential
1,682
Single Family
1,408
Multi-Family
274
Businesses
215
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