699 E 156th StClevelandOH44110
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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 699 E 156th St, Cleveland, OH, 44110 offers a 12.21% rental yield on a $105,000 purchase with $1,068/mo rent. Total monthly income registers $1,068/mo, and a $514/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,527/yr on $34,808 to close, and return on cash invested stands at 32.91% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 173.21% and total cumulative return in cash at $60,290. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,068/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44110, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,600 (100%) |
| Owner Occupied HU | 2,915 (27.5%) |
| Renter Occupied HU | 5,556 (52.4%) |
| Vacant Housing Units | 2,129 (20.1%) |
| Median Home Value | $74,973 |
| Average Home Value | $158,381 |
Housing Distribution
Address Breakdown
Residential
8,447
Single Family
6,397
Multi-Family
2,050
Businesses
572
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