5918 Ira AveClevelandOH44144
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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 5918 Ira Ave, Cleveland, OH, 44144 uses $49,725 cash to close to unlock $1,938/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,148/mo, and a $734/mo payment keeps the spread at $162/mo. Purchase price stands at $150,000, and rental yield measures 9.18% with $1,148/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 124.3% and total cumulative return in cash records $61,806. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,148/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44144, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,093 (100%) |
| Owner Occupied HU | 5,637 (55.9%) |
| Renter Occupied HU | 3,753 (37.2%) |
| Vacant Housing Units | 703 ( 7.0%) |
| Median Home Value | $153,561 |
| Average Home Value | $185,194 |
Housing Distribution
Address Breakdown
Residential
10,035
Single Family
8,326
Multi-Family
1,709
Businesses
469
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