3008 Monroe AveClevelandOH44113
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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
Total monthly income runs $3,000/mo, and a $3,174/mo payment. Purchase price stands at $648,500, and rental yield measures 5.55% with $3,000/mo rent. Return on cash invested shows 12.94% in year one, and 5% annual appreciation builds toward $179,169 over five years. Five-year ROI reaches 65.97% and total cumulative return in cash records $140,759. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $3,174/mo payment rather than investor’s personal income.
Single Family
Built in 2025
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44113, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,526 (100%) |
| Owner Occupied HU | 2,709 (18.6%) |
| Renter Occupied HU | 9,877 (68.0%) |
| Vacant Housing Units | 1,940 (13.4%) |
| Median Home Value | $338,265 |
| Average Home Value | $347,809 |
Housing Distribution
Address Breakdown
Residential
13,021
Single Family
5,605
Multi-Family
7,416
Businesses
1,402
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