3198 E 118th StClevelandOH44120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3198 E 118th St, Cleveland, OH, 44120 offers a 13.11% rental yield on a $119,000 purchase with $1,300/mo rent. Total monthly income registers $1,300/mo, and a $582/mo payment leaves $518/mo available for distribution. Annual cash flow reaches $6,212/yr on $39,449 to close, and return on cash invested stands at 35.66% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 187.85% and total cumulative return in cash at $74,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,300/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
4,726 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: Gerald Graham • Friendly Home Realty, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5135641
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