701 W Lakeside Ave APT 608ClevelandOH44113
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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 701 W Lakeside Ave APT 608, Cleveland, OH, 44113 offers a 7.93% rental yield on a $515,000 purchase with $3,403/mo rent. 76% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,285 over five years. Portfolio math shows five-year ROI at 67.69% and total cumulative return in cash at $114,685. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,403/mo property income against a $2,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
0.86 Acres lot
$N/A/sqft
$1,046 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44113, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,526 (100%) |
| Owner Occupied HU | 2,709 (18.6%) |
| Renter Occupied HU | 9,877 (68.0%) |
| Vacant Housing Units | 1,940 (13.4%) |
| Median Home Value | $338,265 |
| Average Home Value | $347,809 |
Housing Distribution
Address Breakdown
Residential
13,021
Single Family
5,605
Multi-Family
7,416
Businesses
1,402
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Listed by: Leilani M Bowersock • Coldwell Banker Schmidt Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5111105
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