3705 Central AveClevelandOH44115
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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 3705 Central Ave, Cleveland, OH, 44115 offers a 11.17% rental yield on a $199,900 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $978/mo payment leaves $546/mo available for distribution. Annual cash flow reaches $6,546/yr on $66,267 to close, and return on cash invested stands at 29.79% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 156.33% and total cumulative return in cash at $103,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
6,459 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44115, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,892 (100%) |
| Owner Occupied HU | 328 ( 4.8%) |
| Renter Occupied HU | 5,257 (76.3%) |
| Vacant Housing Units | 1,307 (19.0%) |
| Median Home Value | $172,857 |
| Average Home Value | $194,240 |
Housing Distribution
Address Breakdown
Residential
5,347
Single Family
1,673
Multi-Family
3,674
Businesses
797
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