Som Center RdClevelandOH44143
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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
Rental property for sale in Cleveland at Som Center Rd, Cleveland, OH, 44143 priced at $273,240 pairs $1,498/mo rent with after a $1,337/mo payment. Total monthly income equals $1,498/mo. Return on cash invested is 15.95% in year one, and rental yield stands at 6.58% on a $273,240 basis. Equity gained on principal adds $1,763/yr, and 5% annual appreciation accumulates to $75,491 by year five. Five-year ROI measures 82.16% and total cumulative return in cash reaches $74,422. For financing, Ziffy Mortgage’s DSCR program evaluates $1,498/mo property income against a $1,337/mo payment instead of your W2s, 1099s, or Tax returns.
Home Type Unknown
Built in N/A
5.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44143, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,192 (100%) |
| Owner Occupied HU | 7,818 (69.9%) |
| Renter Occupied HU | 2,471 (22.1%) |
| Vacant Housing Units | 903 ( 8.1%) |
| Median Home Value | $280,301 |
| Average Home Value | $312,811 |
Housing Distribution
Address Breakdown
Residential
11,225
Single Family
9,001
Multi-Family
2,224
Businesses
724
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