5718 Lorain AveClevelandOH44102
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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 5718 Lorain Ave, Cleveland, OH, 44102 with 5% annual appreciation on a $175,000 basis while $1,781/mo rent supports operations. Total monthly income totals $1,781/mo and a $857/mo payment preserves $629/mo for cash returns. Annual cash flow comes to $7,553/yr on $58,013 deployed, and return on cash invested reaches 32.93% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 12.21%. Five-year ROI measures 173.23% and total cumulative return in cash totals $100,495.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,781/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44102, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,477 (100%) |
| Owner Occupied HU | 6,659 (29.6%) |
| Renter Occupied HU | 12,550 (55.8%) |
| Vacant Housing Units | 3,268 (14.5%) |
| Median Home Value | $159,573 |
| Average Home Value | $227,165 |
Housing Distribution
Address Breakdown
Residential
19,043
Single Family
14,515
Multi-Family
4,528
Businesses
1,070
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