987 Evangeline RdClevelandOH44110
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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 987 Evangeline Rd, Cleveland, OH, 44110 uses $43,095 cash to close to unlock $6,026/yr annual cash flow and $502/mo monthly cash flow. Total monthly income runs $1,357/mo, and a $636/mo payment keeps the spread at $502/mo. Purchase price stands at $130,000, and rental yield measures 12.53% with $1,357/mo rent. Return on cash invested shows 33.89% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 178.44% and total cumulative return in cash records $76,899. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,357/mo property income covering a $636/mo payment rather than investor’s personal income.
Multi Family
Built in 1905
3,990 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44110, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,600 (100%) |
| Owner Occupied HU | 2,915 (27.5%) |
| Renter Occupied HU | 5,556 (52.4%) |
| Vacant Housing Units | 2,129 (20.1%) |
| Median Home Value | $74,973 |
| Average Home Value | $158,381 |
Housing Distribution
Address Breakdown
Residential
8,447
Single Family
6,397
Multi-Family
2,050
Businesses
572
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