6114 W Clinton 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
Rental property for sale in Cleveland at 6114 W Clinton Ave, Cleveland, OH, 44102 priced at $279,900 converts $2,759/mo rent into $918/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,759/mo, and annual cash flow totals $11,014/yr on $92,787 invested. Return on cash invested prints 31.78% in year one, and rental yield reads 11.83% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 167.02% and total cumulative return in cash sums $154,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,759/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1910
4,726 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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