3616 Newark AveClevelandOH44109
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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
Rental property for sale in Cleveland at 3616 Newark Ave, Cleveland, OH, 44109 generates $928/mo in rent and, after a $582/mo payment, leaves $146/mo in cash flow. Total monthly income is $928/mo, and annual cash flow is $1,748/yr on $39,449 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 9.36% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 127.14% and total cumulative return in cash sums $50,153. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $928/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
4,726 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
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