6206 Belvidere AveClevelandOH44103
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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 6206 Belvidere Ave, Cleveland, OH, 44103 uses $39,780 cash to close to unlock $1,752/yr annual cash flow and $146/mo monthly cash flow. Total monthly income runs $935/mo, and a $587/mo payment keeps the spread at $146/mo. Purchase price stands at $120,000, and rental yield measures 9.35% with $935/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 126.99% and total cumulative return in cash records $50,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $935/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 2005
4,909 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44103, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,793 (100%) |
| Owner Occupied HU | 2,036 (23.2%) |
| Renter Occupied HU | 4,654 (52.9%) |
| Vacant Housing Units | 2,103 (23.9%) |
| Median Home Value | $73,679 |
| Average Home Value | $162,713 |
Housing Distribution
Address Breakdown
Residential
5,859
Single Family
3,935
Multi-Family
1,924
Businesses
882
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