Rental Property Investment Analysis
Investment metrics for 10724 Sprague Ave, Cleveland, OH 44108
redfin
Multi-family
📍 10724 Sprague Ave, Cleveland, OH 44108
$185,000
🛏 4 bed
🚿 2 bath
📐 2,072 sqft
100
/ 100
Deal Score
A
Excellent Investment Opportunity
Grade A · 100/100
Monthly Cash Flow
+$1,298
After all expenses
Cap Rate
14.65%
Strong yield
Monthly Rent
$2,800/mo
Estimated
Total Expenses
$1,502/mo
All-in monthly
Cash-on-Cash
36.61%
Solid return
Annual Cash Flow
$15,576
Per year
Break-Even Analysis
Break-Even Rent
$1,502 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸Proximity to major medical and educational employment hubs provides a consistent tenant pool for local residential properties.
- ▸Neighborhoods within this corridor offer direct access to regional transit lines that facilitate efficient commuting for area workers.
- ▸Well-established residential blocks composed of classic urban housing stock appeal to tenants seeking proximity to city amenities.
Key Takeaway
Investor Summary
Under current assumptions, this property is an excellent rental investment (100/100). The 14.65% cap rate and strong positive monthly cash flow of +$1,298/mo support a strong case for acquisition.
Analysis Summary
This Multi-family at 10724 Sprague Ave, Cleveland, OH 44108 is listed at $185,000 with 4 bed / 2 bath and 2,072 sq ft.
The estimated monthly rent is $2,800, generating a strong positive monthly cash flow of +$1,298 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 14.65% and the cash-on-cash return is 36.61%. This deal received a score of 100/100 (Grade A: Excellent Investment Opportunity).
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