9112 Parmelee Ave,Cleveland,OH,44108

Investment Highlights

Rental property for sale in Cleveland at 9112 Parmelee Ave, Cleveland, OH, 44108 generates $824/mo in rent and, after a $513/mo payment, leaves $134/mo in cash flow. Total monthly income is $824/mo, and annual cash flow is $1,613/yr on $34,774 invested. Return on cash invested sits at 24.55% in year one, and rental yield is 9.43% on a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 128.35% and total cumulative return in cash sums $44,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $824/mo property income rather than buyer’s personal income.