3278 E 123rd 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
Investment property for sale in Cleveland at 3278 E 123rd St, Cleveland, OH, 44120 earns $317/mo cash flow from $1,139/mo rent with a $612/mo payment. Total monthly income totals $1,139/mo, and annual cash flow totals $3,799/yr on $41,438 capital. ROI tracks 29.08% on current figures, and rental yield reads 10.93% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 152.57% and total cumulative return in cash sums $63,221. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,139/mo property income instead of your personal income.
Multi Family
Built in 1919
4,900 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: Kathleen Poelking • Cleveland Property Management Group, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5096931
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