6050 Boymel #1203ClevelandOH44105
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeFinancing efficiency matters for international buyers, and 6050 Boymel #1203, Cleveland, OH, 44105 in Cleveland offers it: the 1.73 DSCR gives Ziffy Mortgage's underwriting team an unusually clean file, no U.S. credit, no personal income required. Rental yield 9.36%. Long-term, 5% appreciation is forecast to add $38,376, and $1,279/yr in principal paydown compounds equity steadily. Projected five-year cumulative return: $47,327.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.5% |
| Monthly Cash Flow | $(106) | $450 |
City averages based on Cleveland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,084 |
| Total Monthly Debt Service | $1,134 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
N/A lot
$N/A/sqft
$276 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44105, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,565 (100%) |
| Owner Occupied HU | 6,705 (38.2%) |
| Renter Occupied HU | 7,511 (42.8%) |
| Vacant Housing Units | 3,349 (19.1%) |
| Median Home Value | $61,685 |
| Average Home Value | $136,807 |
Housing Distribution
Address Breakdown
Residential
12,835
Single Family
12,265
Multi-Family
570
Businesses
756
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
Condo
Built in 1984
N/A lot
$N/A/sqft
$276 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44105, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,565 (100%) |
| Owner Occupied HU | 6,705 (38.2%) |
| Renter Occupied HU | 7,511 (42.8%) |
| Vacant Housing Units | 3,349 (19.1%) |
| Median Home Value | $61,685 |
| Average Home Value | $136,807 |
Housing Distribution
Address Breakdown
Residential
12,835
Single Family
12,265
Multi-Family
570
Businesses
756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rashelle Doyle • eXp Realty
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1839150
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