6800 Plainfield AveClevelandOH44144
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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 6800 Plainfield Ave, Cleveland, OH, 44144 generates $1,878/mo in rent and, after a $903/mo payment, leaves $627/mo in cash flow. Total monthly income is $1,878/mo, and annual cash flow is $7,523/yr on $61,162 invested. Return on cash invested sits at 32.21% in year one, and rental yield is 12.21% on a $184,500 entry. Equity gained on principal adds $1,191/yr, while 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 169.58% and total cumulative return in cash sums $103,718. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,878/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44144, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,093 (100%) |
| Owner Occupied HU | 5,637 (55.9%) |
| Renter Occupied HU | 3,753 (37.2%) |
| Vacant Housing Units | 703 ( 7.0%) |
| Median Home Value | $153,561 |
| Average Home Value | $185,194 |
Housing Distribution
Address Breakdown
Residential
10,035
Single Family
8,326
Multi-Family
1,709
Businesses
469
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