3187 W 115th StClevelandOH44111
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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 3187 W 115th St, Cleveland, OH, 44111 offers a 9.61% rental yield on a $119,500 purchase with $957/mo rent. Total monthly income registers $957/mo, and a $585/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,050/yr on $39,614 to close, and return on cash invested stands at 25.08% in year one. Equity gained on principal adds $771/yr while 5% annual appreciation supports $33,016 over five years. Portfolio math shows five-year ROI at 131.09% and total cumulative return in cash at $51,930. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $957/mo property income against a $585/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
4,399 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44111, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,686 (100%) |
| Owner Occupied HU | 9,949 (53.2%) |
| Renter Occupied HU | 7,390 (39.5%) |
| Vacant Housing Units | 1,347 ( 7.2%) |
| Median Home Value | $159,894 |
| Average Home Value | $211,421 |
Housing Distribution
Address Breakdown
Residential
17,732
Single Family
15,584
Multi-Family
2,148
Businesses
1,076
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