750 Prospect Ave E APT 502ClevelandOH44115
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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 750 Prospect Ave E APT 502, Cleveland, OH, 44115 earns from $1,117/mo rent with a $710/mo payment. Total monthly income totals $1,117/mo. ROI tracks 13.17% on current figures, and rental yield reads 9.24% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 71.12% and total cumulative return in cash sums $34,184. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,117/mo property income instead of your personal income.
Condo
Built in 1913
N/A lot
$N/A/sqft
$433 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44115, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,892 (100%) |
| Owner Occupied HU | 328 ( 4.8%) |
| Renter Occupied HU | 5,257 (76.3%) |
| Vacant Housing Units | 1,307 (19.0%) |
| Median Home Value | $172,857 |
| Average Home Value | $194,240 |
Housing Distribution
Address Breakdown
Residential
5,347
Single Family
1,673
Multi-Family
3,674
Businesses
797
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