3646 Bailey AveClevelandOH44113
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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 3646 Bailey Ave, Cleveland, OH, 44113 uses $58,311 cash to close to unlock $2,567/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,371/mo, and a $861/mo payment keeps the spread at $214/mo. Purchase price stands at $175,900, and rental yield measures 9.35% with $1,371/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $48,598 over five years. Five-year ROI reaches 126.96% and total cumulative return in cash records $74,029. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,371/mo property income covering a $861/mo payment rather than investor’s personal income.
Single Family
Built in 1880
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44113, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,526 (100%) |
| Owner Occupied HU | 2,709 (18.6%) |
| Renter Occupied HU | 9,877 (68.0%) |
| Vacant Housing Units | 1,940 (13.4%) |
| Median Home Value | $338,265 |
| Average Home Value | $347,809 |
Housing Distribution
Address Breakdown
Residential
13,021
Single Family
5,605
Multi-Family
7,416
Businesses
1,402
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