8602 Jeffries AveClevelandOH44105
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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 8602 Jeffries Ave, Cleveland, OH, 44105 generates $867/mo in rent and, after a $563/mo payment, leaves $110/mo in cash flow. Total monthly income is $867/mo, and annual cash flow is $1,325/yr on $38,123 invested. Return on cash invested sits at 23.38% in year one, and rental yield is 9.05% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 122.06% and total cumulative return in cash sums $46,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $867/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44105, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,565 (100%) |
| Owner Occupied HU | 6,705 (38.2%) |
| Renter Occupied HU | 7,511 (42.8%) |
| Vacant Housing Units | 3,349 (19.1%) |
| Median Home Value | $61,685 |
| Average Home Value | $136,807 |
Housing Distribution
Address Breakdown
Residential
12,835
Single Family
12,265
Multi-Family
570
Businesses
756
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