6529 Newman 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 6529 Newman Ave, Cleveland, OH, 44127 earns $1,057/mo cash flow from $2,010/mo rent with a $709/mo payment. Total monthly income totals $2,010/mo, and annual cash flow totals $12,685/yr on $48,034 capital. ROI tracks 46.32% on current figures, and rental yield reads 16.65% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 245.08% and total cumulative return in cash sums $117,721. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,010/mo property income instead of your personal income.
Single Family
Built in 2002
6,651 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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