6212 Carpenter AveClevelandOH44127
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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 6212 Carpenter Ave, Cleveland, OH, 44127 earns $609/mo cash flow from $1,290/mo rent with a $507/mo payment. Total monthly income totals $1,290/mo, and annual cash flow totals $7,305/yr on $34,310 capital. ROI tracks 41.2% on current figures, and rental yield reads 14.96% at a $103,500 purchase. Equity gained on principal adds $668/yr, and 5% annual appreciation supports $28,595 over five years. Five-year ROI reaches 217.54% and total cumulative return in cash sums $74,639. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,290/mo property income instead of your personal income.
Multi Family
Built in 1920
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44127, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,197 (100%) |
| Owner Occupied HU | 780 (35.5%) |
| Renter Occupied HU | 966 (44.0%) |
| Vacant Housing Units | 451 (20.5%) |
| Median Home Value | $50,833 |
| Average Home Value | $90,103 |
Housing Distribution
Address Breakdown
Residential
1,682
Single Family
1,408
Multi-Family
274
Businesses
215
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