6575 Princeton Ct APT EClevelandOH44130
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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
Rental property for sale in Cleveland at 6575 Princeton Ct APT E, Cleveland, OH, 44130 priced at $139,600 converts $1,279/mo rent into $361/mo cash flow after a $683/mo obligation. Total monthly income equals $1,279/mo, and annual cash flow totals $4,332/yr on $46,277 invested. Return on cash invested prints 29.27% in year one, and rental yield reads 10.99% against a $139,600 entry. Equity gained on principal adds $901/yr, while 5% annual appreciation compiles into $38,569 by year five. Five-year ROI reaches 153.55% and total cumulative return in cash sums $71,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,279/mo property income covering a $683/mo payment, not borrower’s personal income.
Condo
Built in 1979
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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