656 E 106th St,Cleveland,OH,44108

Investment Highlights

Investment property for sale in Cleveland at 656 E 106th St, Cleveland, OH, 44108 uses $39,449 cash to close to unlock $5,468/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,238/mo, and a $582/mo payment keeps the spread at $456/mo. Purchase price stands at $119,000, and rental yield measures 12.48% with $1,238/mo rent. Return on cash invested shows 33.77% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 177.72% and total cumulative return in cash records $70,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,238/mo property income covering a $582/mo payment rather than investor’s personal income.