844 Royal RdClevelandOH44110
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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 844 Royal Rd, Cleveland, OH, 44110 priced at $150,000 converts $1,140/mo rent into $154/mo cash flow after a $734/mo obligation. Total monthly income equals $1,140/mo, and annual cash flow totals $1,842/yr on $49,725 invested. Return on cash invested prints 23.61% in year one, and rental yield reads 9.12% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 123.26% and total cumulative return in cash sums $61,290. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 2006
4,290 sqft 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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