9800 Parmelee Ave,Cleveland,OH,44108

Investment Highlights

Investment property for sale in Cleveland at 9800 Parmelee Ave, Cleveland, OH, 44108 uses $42,929 cash to close to unlock $2,256/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,040/mo, and a $634/mo payment keeps the spread at $188/mo. Purchase price stands at $129,500, and rental yield measures 9.64% with $1,040/mo rent. Return on cash invested shows 25.16% in year one, and 5% annual appreciation builds toward $35,778 over five years. Five-year ROI reaches 131.63% and total cumulative return in cash records $56,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,040/mo property income covering a $634/mo payment rather than investor’s personal income.