404 E 123rd St, Cleveland, OH, 44108 | $260/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cleveland at 404 E 123rd St, Cleveland, OH, 44108 generates $1,535/mo in rent and, after a $949/mo payment, leaves $260/mo in cash flow. Total monthly income is $1,535/mo, and annual cash flow is $3,115/yr on $64,278 invested. Return on cash invested sits at 24.76% in year one, and rental yield is 9.5% on a $193,900 entry. Equity gained on principal adds $1,251/yr, while 5% annual appreciation builds toward $53,571 over five years. Five-year ROI reaches 129.36% and total cumulative return in cash sums $83,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,535/mo property income rather than buyer’s personal income.

Single Family

Built in 1912

4,950 sqft lot

$N/A/sqft

No HOA