3311 E Fairfax Rd, Cleveland Heights, OH, 44118 | 4.91% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cleveland Heights at 3311 E Fairfax Rd, Cleveland Heights, OH, 44118 generates $1,802/mo in rent, after a $2,154/mo payment. Total monthly income is $1,802/mo. Return on cash invested sits at 10.92% in year one, and rental yield is 4.91% on a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 55.16% and total cumulative return in cash sums $80,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,802/mo property income rather than buyer’s personal income.

Multi Family

Built in 1925

9,500 sqft lot

$N/A/sqft

No HOA