616 E 117th StClevelandOH44108
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
Investment Highlights
Investment property for sale in Cleveland at 616 E 117th St, Cleveland, OH, 44108 offers a 12.15% rental yield on a $125,500 purchase with $1,271/mo rent. Total monthly income registers $1,271/mo, and a $614/mo payment leaves $446/mo available for distribution. Annual cash flow reaches $5,349/yr on $41,603 to close, and return on cash invested stands at 32.77% in year one. Equity gained on principal adds $810/yr while 5% annual appreciation supports $34,673 over five years. Portfolio math shows five-year ROI at 172.33% and total cumulative return in cash at $71,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,271/mo property income against a $614/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
5,000 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Phillip Stern • Realistar
Mls Name: MLS Now
Mls Provider:
Mls ID: #5130899
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