5678 Hamlet AveClevelandOH44127
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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 5678 Hamlet Ave, Cleveland, OH, 44127 offers a 12.55% rental yield on a $115,000 purchase with $1,203/mo rent. Total monthly income registers $1,203/mo, and a $563/mo payment leaves $446/mo available for distribution. Annual cash flow reaches $5,357/yr on $38,123 to close, and return on cash invested stands at 33.96% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 178.79% and total cumulative return in cash at $68,157. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,203/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
4,678 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44127, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,197 (100%) |
| Owner Occupied HU | 780 (35.5%) |
| Renter Occupied HU | 966 (44.0%) |
| Vacant Housing Units | 451 (20.5%) |
| Median Home Value | $50,833 |
| Average Home Value | $90,103 |
Housing Distribution
Address Breakdown
Residential
1,682
Single Family
1,408
Multi-Family
274
Businesses
215
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