385 E 163rd StClevelandOH44110
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
Investment property for sale in Cleveland at 385 E 163rd St, Cleveland, OH, 44110 offers a 9.29% rental yield on a $135,000 purchase with $1,045/mo rent. Total monthly income registers $1,045/mo, and a $661/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,543/yr on $44,753 to close, and return on cash invested stands at 23.36% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 122.17% and total cumulative return in cash at $54,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,045/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
4,024 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44110, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,600 (100%) |
| Owner Occupied HU | 2,915 (27.5%) |
| Renter Occupied HU | 5,556 (52.4%) |
| Vacant Housing Units | 2,129 (20.1%) |
| Median Home Value | $74,973 |
| Average Home Value | $158,381 |
Housing Distribution
Address Breakdown
Residential
8,447
Single Family
6,397
Multi-Family
2,050
Businesses
572
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Listed by: Ebony D Bethea • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5109112
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