3610 Poe AveClevelandOH44109
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 3610 Poe Ave, Cleveland, OH, 44109 priced at $158,700 converts $1,276/mo rent into $232/mo cash flow after a $777/mo obligation. Total monthly income equals $1,276/mo, and annual cash flow totals $2,782/yr on $52,609 invested. Return on cash invested prints 25.2% in year one, and rental yield reads 9.65% against a $158,700 entry. Equity gained on principal adds $1,024/yr, while 5% annual appreciation compiles into $43,846 by year five. Five-year ROI reaches 131.73% and total cumulative return in cash sums $69,301. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,276/mo property income covering a $777/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4,356 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