3701 Mayfield Rd APT 304,Cleveland Heights,OH,44121

Investment Highlights

Investment property for sale in Cleveland Heights at 3701 Mayfield Rd APT 304, Cleveland Heights, OH, 44121 offers a 9.09% rental yield on a $129,000 purchase with $977/mo rent. Total monthly income registers $977/mo, and a $631/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,546/yr on $42,764 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 122.74% and total cumulative return in cash at $52,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $977/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.