3707 Chatham AveClevelandOH44113
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 3707 Chatham Ave, Cleveland, OH, 44113 priced at $231,000 converts $2,202/mo rent into $682/mo cash flow after a $1,131/mo obligation. Total monthly income equals $2,202/mo, and annual cash flow totals $8,186/yr on $76,577 invested. Return on cash invested prints 30.6% in year one, and rental yield reads 11.44% against a $231,000 entry. Equity gained on principal adds $1,491/yr, while 5% annual appreciation compiles into $63,821 by year five. Five-year ROI reaches 160.73% and total cumulative return in cash sums $123,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,202/mo property income covering a $1,131/mo payment, not borrower’s personal income.
Single Family
Built in 1880
1,210 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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Nearby investment properties with comparable prices
Listed by: Jim Anderson • Progressive Urban Real Estate Co
Mls Name: MLS Now
Mls Provider:
Mls ID: #5070013
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