6363 Olde York RdClevelandOH44130
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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 6363 Olde York Rd, Cleveland, OH, 44130 uses $41,404 cash to close to unlock $1,749/yr annual cash flow and $146/mo monthly cash flow. Total monthly income runs $967/mo, and a $611/mo payment keeps the spread at $146/mo. Purchase price stands at $124,900, and rental yield measures 9.29% with $967/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 126.04% and total cumulative return in cash records $52,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $967/mo property income covering a $611/mo payment rather than investor’s personal income.
Condo
Built in 1946
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44130, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,840 (100%) |
| Owner Occupied HU | 14,878 (62.4%) |
| Renter Occupied HU | 7,846 (32.9%) |
| Vacant Housing Units | 1,116 ( 4.7%) |
| Median Home Value | $197,867 |
| Average Home Value | $222,683 |
Housing Distribution
Address Breakdown
Residential
24,070
Single Family
16,906
Multi-Family
7,164
Businesses
1,702
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