629 Euclid Ave #1504ClevelandOH44114
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 629 Euclid Ave #1504, Cleveland, OH, 44114 in Cleveland fits: $389,900, 4.67% gross yield, and a projected 5% annual appreciation rate adding $107,722 in value within five years. Rental yield 4.67%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.87) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $3,591/yr in principal paydown and $107,722 in appreciation project a total return of $50,993.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 8.5% |
| Monthly Cash Flow | $(1,550) | $450 |
City averages based on Cleveland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,518 |
| Total Monthly Debt Service | $2,913 |
| DSCR Ratio | 0.52x |
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 2022
N/A lot
$N/A/sqft
$503 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44114, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,917 (100%) |
| Owner Occupied HU | 378 ( 6.4%) |
| Renter Occupied HU | 3,830 (64.7%) |
| Vacant Housing Units | 1,709 (28.9%) |
| Median Home Value | $115,330 |
| Average Home Value | $184,553 |
Housing Distribution
Address Breakdown
Residential
5,519
Single Family
915
Multi-Family
4,604
Businesses
1,680
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 2022
N/A lot
$N/A/sqft
$503 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44114, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,917 (100%) |
| Owner Occupied HU | 378 ( 6.4%) |
| Renter Occupied HU | 3,830 (64.7%) |
| Vacant Housing Units | 1,709 (28.9%) |
| Median Home Value | $115,330 |
| Average Home Value | $184,553 |
Housing Distribution
Address Breakdown
Residential
5,519
Single Family
915
Multi-Family
4,604
Businesses
1,680
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices