945 Nela View RdClevelandOH44112
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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
Investment property for sale in Cleveland at 945 Nela View Rd, Cleveland, OH, 44112 listed at $149,900 pairs $1,167/mo rent with a $734/mo payment to leave $181/mo cash flow. Total monthly income runs $1,167/mo, and annual cash flow reaches $2,168/yr on $49,692 cash to close. Return on cash invested measures 24.27% in year one, and rental yield registers 9.34% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 126.78% and total cumulative return in cash totals $62,999. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,167/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
4,800 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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