983 E 179th StClevelandOH44119
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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 983 E 179th St, Cleveland, OH, 44119 uses $40,170 cash to close to unlock $1,764/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $944/mo, and a $593/mo payment keeps the spread at $147/mo. Purchase price stands at $121,176, and rental yield measures 9.35% with $944/mo rent. Return on cash invested shows 24.3% in year one, and 5% annual appreciation builds toward $33,479 over five years. Five-year ROI reaches 127.03% and total cumulative return in cash records $51,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $944/mo property income covering a $593/mo payment rather than investor’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44119, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,318 (100%) |
| Owner Occupied HU | 3,073 (48.6%) |
| Renter Occupied HU | 2,337 (37.0%) |
| Vacant Housing Units | 908 (14.4%) |
| Median Home Value | $128,941 |
| Average Home Value | $163,248 |
Housing Distribution
Address Breakdown
Residential
5,443
Single Family
4,715
Multi-Family
728
Businesses
374
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