750 Prospect Ave E APT 605ClevelandOH44115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 605, Cleveland, OH, 44115 listed at $225,000 pairs $2,075/mo rent with a $1,101/mo payment to leave $49/mo cash flow. Total monthly income runs $2,075/mo, and annual cash flow reaches $593/yr on $74,588 cash to close. Return on cash invested measures 20.7% in year one, and rental yield registers 11.07% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 110.85% and total cumulative return in cash totals $82,677. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,075/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1913
N/A lot
$N/A/sqft
$333 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices