3288 Scranton RdClevelandOH44109
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
Rental property for sale in Cleveland at 3288 Scranton Rd, Cleveland, OH, 44109 generates $1,379/mo in rent and, after a $881/mo payment, leaves $195/mo in cash flow. Total monthly income is $1,379/mo, and annual cash flow is $2,340/yr on $59,670 invested. Return on cash invested sits at 23.83% in year one, and rental yield is 9.19% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 124.35% and total cumulative return in cash sums $74,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,379/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
4,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44109, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,452 (100%) |
| Owner Occupied HU | 8,011 (41.2%) |
| Renter Occupied HU | 8,784 (45.2%) |
| Vacant Housing Units | 2,657 (13.7%) |
| Median Home Value | $135,792 |
| Average Home Value | $177,800 |
Housing Distribution
Address Breakdown
Residential
15,908
Single Family
13,430
Multi-Family
2,478
Businesses
1,049
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices