883 Caledonia AveCleveland HeightsOH44112
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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 Heights at 883 Caledonia Ave, Cleveland Heights, OH, 44112 priced at $100,000 converts $799/mo rent into $142/mo cash flow after a $489/mo obligation. Total monthly income equals $799/mo, and annual cash flow totals $1,700/yr on $33,150 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 9.59% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 130.91% and total cumulative return in cash sums $43,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $799/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1924
7,548 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44112, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,274 (100%) |
| Owner Occupied HU | 3,453 (30.6%) |
| Renter Occupied HU | 5,344 (47.4%) |
| Vacant Housing Units | 2,477 (22.0%) |
| Median Home Value | $98,525 |
| Average Home Value | $174,796 |
Housing Distribution
Address Breakdown
Residential
9,622
Single Family
6,832
Multi-Family
2,790
Businesses
423
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Listed by: Michael Azzam • RE/MAX Haven Realty
Mls Name: MLS Now
Mls ID: #5182576